Tds
This query is : Resolved
12 May 2014
I received a bill stating
Principal Amt 100
S.tax 12
Vat 5
Total 117
NOw i have 2 queries
1) can service tax and vat be charged in the same bill?
2)On which amount should TDS be deducted?
Answer ASAP.
Principal Amt 100
S.tax 12
Vat 5
Total 117
NOw i have 2 queries
1) can service tax and vat be charged in the same bill?
2)On which amount should TDS be deducted?
Answer ASAP.
CA. Amit G. Chandani
(Expert)
12 May 2014
1. Yes, it can be charged. Ex - Bill of Restaurant, Bill of Authorized Motor Workshop etc.
2. TDS will be on 117-12=105 (i.e. excluding Service Tax portion)
2. TDS will be on 117-12=105 (i.e. excluding Service Tax portion)
CA R SEETHARAMAN
(Expert)
14 May 2014
If it is purchase of furniture and fixture only VAT can be charged and no service tax.
14 May 2014
What is the option now available to me if the party has charged both and my clienthas paid the same? because i cannot take credit on capital purchase.
CA R SEETHARAMAN
(Expert)
14 May 2014
ASK FOR REFUND OF SERVICE TAX FROM THE VENDOR AS SERVICE TAX NOT APPLICABLE ON PURCHASE.
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