Tds on amc of ac repairing

CA Deepak Bhardwaj (Job) (116 Points)

12 June 2013  

if a  Pvt. Ltd. company raise a bill in following manner for contract of amc of ac repairing ( company is registere in vat & Service tax)

 

basic amount    =    118000

vat 12.5% on 80% of basic amount (i.e. (118000*80%)*12.5% =11800

service tax 12.36 % on 70% of basic amount i.e.(118000*70%)*12.36%=10209

total bill amount  = 140009

 

whether tds 10 % on professional fees = 140009*10 % = 14001 on whole amount or

whether tds 10 % on prof. fees = 92809.36 and tds 2 % (194 c) on 47150=944

or something else ?

 

thanks in advance