T.d.s
This query is : Resolved
27 January 2016
Dear sir/madam,
We purchase drugs/ antibiotics from the manifacturer . manufacturer manufacturers drugs according to our specifications and they print our company logo,name on the products. We don't supply any material to the manufacturer.
My question is , should we deduct t.d.s or not? If yes , they charge c.s.t @ 1.5 . should we deduct t.d.s on invoice value excluding c.s.t or including c.s.t? Kindly replay
We purchase drugs/ antibiotics from the manifacturer . manufacturer manufacturers drugs according to our specifications and they print our company logo,name on the products. We don't supply any material to the manufacturer.
My question is , should we deduct t.d.s or not? If yes , they charge c.s.t @ 1.5 . should we deduct t.d.s on invoice value excluding c.s.t or including c.s.t? Kindly replay
27 January 2016
This is purchase transaction and no TDS applicable
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27 January 2016
FOR MANUFACTURE TDS NOT ATTRACT, BUT IF THERE IS ANY AGREEMENT FOR JOB WORK TDS IS APPLICABLE. BUT YOU HAVE MENTIONED THEY HAVE CHARGED 1.5% CST , SO IT AMOUNTS TO PURCHASE , PURCHASE NOT ATTRACT WILL TDS.
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