ca sweeti gulati (CA Practice ) (90 Points)
05 February 2014Is there any liability to deduct tds on the spare parts purchased for repairing and servicing of equipments??
Bill
1. Spare parts........... ******
Vat @ 12.5%.........********
Total.................................
2. Job work.......... ********
service tax 12.36% *******
total of both ............
Ms. Sia Raman
(Chartered Accountant- Working Professional)
(198 Points)
Replied 05 February 2014
pratik
(CA)
(1186 Points)
Replied 05 February 2014
TDS need to be deducted on job work @ 2% us 194C. Also if service tax amount is shown seperately then on service tax is exluded for 2% deduction of TDS.
ca sweeti gulati
(CA Practice )
(90 Points)
Replied 05 February 2014
spare parts amounted to rs 65000 nd job work is only 3000.. is there any need to deduct as job work amount is less then 30000?
pratik
(CA)
(1186 Points)
Replied 05 February 2014
If amount is 3000 only no need to deduct TDS us 194C
CAclubindia
