20 February 2008
Hello EXPERTS, ABC Pvt Ltd place a order for supply of kitchen equipment. As per payment terms of P.O. Ex work amt 2987010 Exice duty 149351
sub total 3136361
sale tax 3% on 3136361 94091 Installation charges (Included)
Order Value 3230452
Installation of system will be carried out at cost included in above costso it is composite contract.
Now my query is that wether TDS will be done as it is composite order including installation i.e TDS will be done OR TDS will not be done as Sales tax is leived on sub total amount.
CAclubindia
