Tds on st and vat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2015 hi,

If a company provides coffee rent on machinery which is 3000+ST and Pantry items Amount+VAT in the same invoice, then do we have to deduct TDS if i'm a Pvt Ltd Company? Is it a contract @2&?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 June 2015 You need to deduct 2% alright but u/s 194I on Rent amount excluding Service Tax. No TDS on Pantry items and VAT.

But check the threshold limit. TDS required to be deducted if threshold limit of Rs 1.80 Lacs p.a. is crossed.

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