Wct tds deduction by the customer
This query is : Resolved
16 October 2015
One of my customers deducted tds under wct@5% on total value of works contract sale bill raised by me. please let me know how to use this amount as input credit and how to create adjustment entry for it because i have to take it as input credit from VAT.
please help me.
please help me.
16 October 2015
what service u r providing him.. ?? and r u charging VAt or not on bill
16 October 2015
we do projects like works contract including all services like POP, PAINT, CLEANING, SUPERVISOR CHARGES, CIVIL WORK ETC. AND ALSO GOODS SUPPLIED TO CUSTOMERS.
IT IS WORKS CONTRACT BUT ARE NOT REGISTERED IN WCT. MATERIAL SUPPLIED AS PER TRADING AND CHARGE FULL VAT ON OUR SALE BILL.
WE SEPARATELY CHARGE SERVICE TAX ON SERVICES WHICH ARE CLEARLY MENTION IN OUR BILL AND SAME FOR MATERIAL FOR MATERIAL PORTION.
IT IS WORKS CONTRACT BUT ARE NOT REGISTERED IN WCT. MATERIAL SUPPLIED AS PER TRADING AND CHARGE FULL VAT ON OUR SALE BILL.
WE SEPARATELY CHARGE SERVICE TAX ON SERVICES WHICH ARE CLEARLY MENTION IN OUR BILL AND SAME FOR MATERIAL FOR MATERIAL PORTION.
16 October 2015
why don't u issue separate bills for both so that no matter of deduction of WCT arises
16 October 2015
this is not the solution of my issue write now. WCT tds has been already deducted and now i only confuse about the adjustment entry for it.
16 October 2015
it wil b an input as VAT.... u doing input entry of VAT also na.. do the same in this case also
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Disallowance of Section 43B(h) to sez units
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- GST Regis.
- Sale of property furniture sale
- Is correct way to find out capital of individual on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
