Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher

This query is : Resolved

ASHISH KUMAR RAY (Querist)
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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 ?

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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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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