Regarding TDS on service
This query is : Resolved
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Avik Banerjee
(Querist)
24 February 2020
sir,
Experts, our company is taking service from other company for die cutting of paper. basically it is our service purchase But In the Bill it comes to US written of HSN CODE :-8442 .Now my question arises did I deduct TDS on them or not.if yes why and if not why .pls clarify my doubts.
Experts, our company is taking service from other company for die cutting of paper. basically it is our service purchase But In the Bill it comes to US written of HSN CODE :-8442 .Now my question arises did I deduct TDS on them or not.if yes why and if not why .pls clarify my doubts.
CA Anita Bhadra
(Expert)
24 February 2020
GST TDS provisions are applicable to Government companies, PSUs, etc if the contract value is more than Rs 2.50 Lakhs.
CA Anita Bhadra
(Expert)
24 February 2020
In case, your company is Govt Company and the contract value is more than 2.50 Lakhs, TDS @ 2% to be deducted
Amol S Joglekar
(Expert)
25 February 2020
are you talking of income tax TDS or GST TDS?
CA Anita Bhadra
(Expert)
25 February 2020
He is mentioning HSN No. - Must be for GST TDS
Avik Banerjee
(Querist)
25 February 2020
SIR, Anmol S Joglekar I am taking about income tax TDS and out company is pvt ltd company
Avik Banerjee
(Querist)
25 February 2020
sir, and respected Madam
our company is taking service (pvt ltd ) taking service of die cutting which include HSN CODE:-8442 now some body said you cannot deduct TDS on HSN only in sac code we can deduct TDS so I am confusing these Matter pls clarify my query
our company is taking service (pvt ltd ) taking service of die cutting which include HSN CODE:-8442 now some body said you cannot deduct TDS on HSN only in sac code we can deduct TDS so I am confusing these Matter pls clarify my query
Amol S Joglekar
(Expert)
25 February 2020
income tax TDS has nothing to do with HSN code.
You can go for TDS u/s 194C
You can go for TDS u/s 194C
Avik Banerjee
(Querist)
25 February 2020
Thank U Very Much Sir
Amol S Joglekar
(Expert)
25 February 2020
you are most welcome.
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