For what do we calculate the VAT and TDS which is for
Customers & which is for Vendors?
please reply soon
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Answer Posted / ramesh mehla
I am fully agreed with mr. Sirdhar Ans.
Vat is applicable on both purchase and sales
TDS is applicable on payment to Job Worker, Salary, Rent,
interest on securities, interest income other than
securities, Payment to contractors, insurance commission,
professional/technical services and payment ot Foreign
national etc.
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