I have started the business of Transportation.I Purchase transport from a contractor at mumbai to pune (service tax)& get rembursed the bill from the debtors in my debitnote
Eg: Transport charges: 750.00 S.tax 10% on 25% of above 19.00 ed cess 2% 1.00 SH CESS 1% 1.00 TOTAL PUR FOr PAY 771.00
Please say on what amt should be TDS DEDUCTED and at what rate.
CAclubindia
