TDS against PAN Bill issued by a VAT Regd person

Tax Talk Nepal Forums Discuss Income Tax TDS against PAN Bill issued by a VAT Regd person

Tagged: ,

TDS against PAN Bill issued by a VAT Regd person

  • You(an entity) obtained a PAN Bill from Kirk Stores which is a VAT Regd party when the condition for tax withholding is satisfied as per the sec 88 or 89.

    .

    How much amount will you withhold at the time of making payment??

    .

    Disregard the legal compulsion and the penalty for not issuing and not obtaining a Tax Invoice as per VAT Act, 2052 in this instance.

    .

    This question is in regards that the law provides that any 1.5% of the amount is the be deducted on payment made against a service provided by person registered in VAT. In no place the act says withhold the TDS by observing the invoice/bill.

    .

    Am I right?

    .

    “See the payment and the actual service provider rather than the invoice it issues.”

    .

    Is it?

    1+
Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.