Dear Experts,
we have recently entered into an agreement with one the vendor to supply goods with our company logo and we are not giving material to vendor. Vendor is submitting the invoice with quantity and price of goods. invoice looks similar like purchase of goods invoice.
Here should we deduct TDS u/s 194C if it crosses threshold of 100000?
JYI 194Q is not applicable
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194C - Entity branded goods
Replies (1)
It is an agreement to purchase and not in a nature of AMC, and as cleared, the material is being used by vendor is of his own and not provided by the purchaser so it can not be termed as job work or work in a nature of service. It is totally an agreement to purchase, hence no TDS u/s 194C will be deducted.
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