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Applicability of IT TDS on purchase of Capital goods

TDS / TCS 733 views 4 replies

 Dear Sir,

Recently our company has purchased Computer Firewalls ( Hard Ware)  from a vendor for Rs.5,90,000/- (inl.of GST)

1)   In Agreement it was clearly mentioned that  the value of Computer Firewalls ( Hard Ware)  is  Rs. 5,90,000 /-   inclusive of  value of supply of Firewalls  and  installation, transport,insurance  and applicable taxes if any..

 2)  Tax Invoice shows  value of  Fire walls   2 Q       Rs.5,00,000/- 

                                                      GST @ 18%        Rs.90,000/-.

                                                                   Total        Rs.5,90,000/-

  In this regard please guide me 

I) whether  I need to deduct  IT TDS under 194J or 194C and GST TDS   ?

II) what would be the  IT TDS  & GST TDS  if it is for software purchase ?

III) If installation charges are  separately shown in the invoice i.e.,

       Value of Materials          Rs.4,50,000/-

        Installation charges      Rs.50,000/- 

        GST @ 18%                   RS.90,000/-

       Total Bill                         Rs.5,90,000/- 

on amount TDS is to be deducted whether on total bill value or only on installation charges.

 

I Hope i will get the professional advice very soon... thanks in advance  

 

   

 

Replies (4)
If the bill is mentioned as provided consultancy charges for purchase of software. Sec 194j is applicable.

It is not consultancy charges...only purchase of Hard Ware / Soft Ware.

Please give clarifications on above mentioned scenarios so that it could be useful to many others  out there.

So if it is consultancy charges, then 194J.

 Sir,

It is requested to please read question and replies above once again and give answer responsibly.. don't give vague answers if you don't know.


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