If a company receives single bill which includes both taxes i.e. VAT on material purchased & service tax on service provided. In this case should company deduct tds on service charge portion or on bothe portion VAT amount & service charge?
1 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 07 July 2014
if both amt. are shown separately then tds to be deducted on service portion only. but where gross amt. is charged then tds to be deducted on whole gross amt.
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