Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
This query is : Resolved
06 August 2025
Whether TDS u/s 194Q is applicable for issuance of Privilege Vouchers which will be redeemed later on in the retail stores. At the time of accepting payment against Privilege Vouchers the sale proceeds not completed. In this scenario the supply of goods not ascertained. So our specific query whether TDS u/s 194Q is applicable at the time of acceptance of money as advance ?
12 August 2025
TDS under Section 194Q is NOT applicable on receipt of money against issuance of Privilege Vouchers, as the transaction does not qualify as a purchase of goods at that point in time. The supply is not ascertained, and no goods are transferred yet.
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