08 September 2020
SIR We are having two GTA - One is A - It is a Private Ltd, Other One is B - It is a proprietorship. No one has own trucks. B agreed with their parties to provide transport services and is doing. B has to receive the bills from its sub-contractors for availing the trucks. But the sub-contractors have issued the bills to A (Co.)instead of issuing to B by mistake. Again A (Co.) issued bills to B by the same value of invoice issued by the Sub-contractors. At the time of payment, A (Co.) has deducted tds @ 1% on the payments made to the sub-contractors. In this case, B has to deduct tds @2 % on the payments to be made to A(co.)?
CAclubindia
