hi,
i hv conduct some job work from XYZ Party.. In invoice he charge VAT .. My Question is that , for the purpose of deducting TDS whether we include VAT Amt or not..
thanks in advance
hi,
i hv conduct some job work from XYZ Party.. In invoice he charge VAT .. My Question is that , for the purpose of deducting TDS whether we include VAT Amt or not..
thanks in advance
It is safer to add VAT while deducting the TDS
Yes Vishal,
VAT is safter, if he charge vat, you dont need to deduct TDS on anything.
but take extra care when you got VAT bill.
the party must have valid TIN no. & should be printed there on there Bill, also take the bills in original in these days, i hv seen a lot of frod comapnies who just charged vat (without showing there TIN no. )and take Vat money into their pocket. also there should be original invoice
Thanks
PRaveen
CAclubindia
