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TDS

janakiramg (officer) (67 Points)

04 August 2017

Hello, we have arrangement with manufacturer of printers. They supply printers free of cost but they charge only on number of pages printed on monthly basis. their bill includes GST. wheather our company should reduce TDS on this monthly payment

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8 Replies

Ajit Hegde (CA - Final) (1367 Points)
Replied 04 August 2017

Looks like a leasing arrangment. If yes tds will have to be deducted. Please mention for how many months this arrangment prevails? Whether printer is given back after some time ? Who ll bear the repairs & maintainance ?

janakiramg (officer) (67 Points)
Replied 04 August 2017

I am extremely sorry. Printers are purchased & supplier provide free toners. They raise bill for pages printed during mobth.

janakiramg (officer) (67 Points)
Replied 10 August 2017

pl clarify my doubt

RAJA P M ("Do the Right Thing...!!!") (127076 Points)
Replied 10 August 2017

Yes. You can deduct TDS if it's above ceiling limit.....

janakiramg (officer) (67 Points)
Replied 10 August 2017

Pl clarify whether goods component(toner) attracts TDS.

janakiramg (officer) (67 Points)
Replied 14 August 2017

Company supplies only toner. Paper is our cost.

janakiramg (officer) (67 Points)
Replied 14 August 2017

company sends through courier after placing order through phone/mail. At end of month, our co. need to settle bill based on no. of pages printed. We need not pay cost of toner.