11 October 2012
Client pays Regularly for Maintenance Cars to a service station, the Bill includes Both the Labor and material component. In total the payment made to the party till date crosses 1.2 Lakhs, Labour Portion comed to 28 thousand.
My Question is whether TDs has to be deducted in this Case? should we consider only the labour portion or the entire invoice value to arrive at the aggregate amount?
11 October 2012
the segregation of labour and material i srelevant fo calculation of VAT and service tax..it has nothing to do with tDS,,TDS has to deducted on full bill value
CAclubindia
