Party had Invoice forward Material & Service combine Bill
raise & Service tax service amount on 10.30% raise so that
it is service tax is right claim yes Or No.i have confused
this invoice, i have TDS deduction and how persentage
Deducted Pl reply
- 2 Answers
- 6576 Views
- Adani, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / finance man
Vat will be charged on amount of material supplied, while
service tax will be charged on the value of service
provided.
Deduction of Tds, for safer side you can deduct on full
value, but argument says and as per law it only can be
decucted on the value of service provided exclusive of
service tax -
hope it will resolve your query.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / goutam bhalotia
As per provision of TDS , TDS should be deducted if any
payment made on account of commission, interest,
rent ...... etc.... if
In this case we need to go through whetehr particulars
payment is fall under the purview of TDS by nature of
payment and amount.
If it is then
TDS sshould be deducted on the invoice value excluding the
value of material and Sales tax )i.e on value of services +
Service tax.)
| Is This Answer Correct ? | 2 Yes | 1 No |
The value on which entry tax is payable is called?
how to fill tds monthly form i.e. form 281?
IF I DIDNT FILL TDS RETURN I PAYING ALL TAX WHAT IS THE PROCEDURE
hi .... I wanted to know the ways and means where we can save the withholding tax.
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER FROM COMMERCIAL TAX DEPATMENT.
what is the difference between Excise duty and Custom duty? and direct cost and Indirect cost with examples?
what is Rate of Service tax and Entry of Service Tax?
what is form requirement for monthly, quaterly and yearly sale return in haryana
What is WHT (With Holding Tax)and how can i calculate? please give the example for understanding?
What is due date of Service tax deposit in case of Individual,properitor, and company
Audit 
