Tds for supply of goods
This query is : Resolved
28 June 2014
I am working in a government department. We have invited tender for supply of bags.A company got the tender. That company supplied the goods as per our requirement specified in the tender and submitted a bill including VAT. Now, while making payment whether we have to deduct TDS? As per my knowledge Section 194C applies for work contract if raw materials supplied by us. But in this case we have not supplied anything. If it is comes under the section 194C? I am confused in this matter. Kindly clarify.
Thank you.
Thank you.
Nikhil Kaushik
(Expert)
28 June 2014
TDS is not applicable on this transaction
Rupesh Jain
(Expert)
30 June 2014
on purchase no TDs will applicable.
30 June 2014
no tds on purchase...................................
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