Practicing Chartered Accountant
21 Points
Joined September 2009
After reading discussion held above I can understand that it is an agreement of purchase/sale of goods on future date (not decided) for the amount mentioned in the food voucher. In my openion there no laibility of TDS but certainly the reasturent has to discharge VAT or service tax laibility on sale of foods against voucher.
We should examin the agreement between company who is buying these food coupens and the company who is issuing food coupen for TDS laibility.
othewise the it is simple agreement of sale of food on future date so TDS is not applicable.
194 H may applicable if resturent is paying any commission to coupen issing company .