03-01-2010, 05:54 PM
Dear All
Plz tell me that on which value the withholding tax will be deducted if we are also deducting 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.
Plz tell me that on which value the withholding tax will be deducted if we are also deducting 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.
