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Tds on carriage of newspaper

rajat agrawal (student) (39 Points)

24 July 2014

hello,

we have hired taxies for the carriage of newspaper from our press to other places.

Queries:-

1) Is TDS applicable?

2) If Yes, Then which Section is attracted and why?

3) Is newspaper will be treated as Goods?

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6 Replies

MANISHA KOTAK (Service) (44 Points)
Replied 24 July 2014

According to me ,Yes TDS is applicable u/ s 194C (read with explanation) and news paper is also treated as goods.

MANISHA KOTAK (Service) (44 Points)
Replied 24 July 2014

According to me ,Yes TDS is applicable u/ s 194C (read with explanation) and news paper is also treated as goods.

rajat agrawal (student) (39 Points)
Replied 25 July 2014

1) But u/s 194c if person engaged in plying,hiring and transporting business and provides PAN card then their is no requirement to deduct TDS in other word it will be exempted.

2) Please explain how newspaper will be treated as goods.

Amit Tiwari (Manager Finance & Accounts ) (32 Points)
Replied 25 July 2014

TDS is applicable u/ s 194C

rajat agrawal (student) (39 Points)
Replied 25 July 2014

Amit please explain how 194c will be applicable

rajat agrawal (student) (39 Points)
Replied 09 August 2014

Dear all

As section 194C Substituted by the Finance (No. 2) Act, 2009, w.e.f. 1-10-2009 which provided vide subsection 6 that tax shall not be deducted in case of plying,hiring or leasing of goods carriage if person who is paid for such services furnishes PAN to person paying sums. Read the exact wordings below (6) No deduction shall be made from any sum credited or paid or likely to be credited or paid during the previous year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages, on furnishing of his Permanent Account Number, to the person paying or crediting such sum. Conclusion Therefore, it becomes clear that only in case of Goods Carriage plying or leasing or hiring,

Now my doubt is whether service tax will applicable under reverse charge mechanism??