03-09-2010, 03:47 PM
you must be calculated i tx on whole invoice price ok i mean RS 5850, the amount of i tax will Rs 205/=
Rifi
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by smimranhaider</i>
<br />Dear All
Plz tell me that on which value the withholding tax will be deducted if we are also deductiong withholding ST.
E.g
Purchase 100 Units of A @ Rs 50/-per unit excluding ST 16% & SED 1%.
Invoice Value 5,000 + 850 (ST 800, SED 50) = 5,850
Withholding Amount for Sales Tax = 170
Balance Payable Amount = 5,000 + 680 = 5,680
Now in which amount we will deduct Direct Tax.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Rifi
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by smimranhaider</i>
<br />Dear All
Plz tell me that on which value the withholding tax will be deducted if we are also deductiong withholding ST.
E.g
Purchase 100 Units of A @ Rs 50/-per unit excluding ST 16% & SED 1%.
Invoice Value 5,000 + 850 (ST 800, SED 50) = 5,850
Withholding Amount for Sales Tax = 170
Balance Payable Amount = 5,000 + 680 = 5,680
Now in which amount we will deduct Direct Tax.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">