TDS on Printing & Stationery
This query is : Resolved
s velmurugan
(Querist)
26 April 2010
Dear Sir,
Kindly clarifity the following:-
If we give an order to Stationery Supplier's for suppling the printed materials to us (Material +Labour charges incurred by Supplier). Party is charging Sales Tax (VAT) for the bills raised to us. In turn we are not able to get the VAT Credit, if we are an Manufacturer.
Kindly advise in the above case is it necessary to deduct TDS for this Supplier?
Awaiting for your views.
Regards,
S.Velmurugan.
Kindly clarifity the following:-
If we give an order to Stationery Supplier's for suppling the printed materials to us (Material +Labour charges incurred by Supplier). Party is charging Sales Tax (VAT) for the bills raised to us. In turn we are not able to get the VAT Credit, if we are an Manufacturer.
Kindly advise in the above case is it necessary to deduct TDS for this Supplier?
Awaiting for your views.
Regards,
S.Velmurugan.
26 April 2010
TDS and VAT are totally different issues. As u hav contract with supplier sec 194 C attracts. so deduct the TDS on gross amount
26 April 2010
AGREE.
26 April 2010
Income tax need not be deducted on the said matter. Because as per the substituted section 194C,which is prevailing now, the said activity does not come under the definition of 'work'.
CA Gangadhar Mishra
(Expert)
26 April 2010
TDS not applicable for supply of materials which is charged by VAT
26 April 2010
There is the Specified nature of expenses on which TDS if deducted ......
And this would not come under the TDS preview....
And this would not come under the TDS preview....
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