TDS U/S 194C

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....DS U/S 194C<br> Query (Issue) Started By: - shamji bhanushali Dated:- 12-5-2015 Last Reply Date:- 13-5-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>I WANT TO KNOW ABOUT TDS APLICABLE U/S 194C ON OF....

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....FICE FURNITURE WITH INTERIOR DECORATION WITH MATERIAL CONTRACT. AND CONTRACTOR ISSUE BILL WITH VAT 8&#37; AND SERVICE TAX 4.944&#37; IT IS PROPER? Reply By ganeshan kalyani: The Reply: The rate of T....

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....DS under 194C is 1% for Individual / HUF and for others 2% on contract value without service tax. Secondly, the VAT charged is correct as he may have opted for composition scheme. The service tax char....

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....ged by contractor seems to be incorrect, because the contract with material and service element falls under reverse charge mechanism under heading works contract service. Accordingly only 2.47% servic....

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....e should only be levied by him if provider of service is other than company and recipient of service is company. Refer Notification no.30/2012-Service Tax.<br> Discussion Forum - Knowledge Sharing ....