Respected Sir,
i am an accountant working with a limited company in Pune. Company's canteen contractor given the biil for Rs. 3,04,292 on which he lavied vat @ 12.5% Rs. 38,036 and Service Tax of Rs. 15,671. A Total bill of Rs. 3,58,000/- and our auditor says deduct the 1% TDS under contract and also 2 % TDS on WCT
Whether the same is correct under the current provisions of the various acts ?
Kindly guide in the matter
Thank You....
WCT - Maharashtra VAT
Vyankatesh Sabale (audit assistant) (25 Points)
05 July 2011