On line portal access service taken for 6 month period , for import - export client finding purpose . The vendor raised his invoice for Rs.1 lac including GST.
So on line portal ( Party App ) service is , tds applicable , if yes , then which section
Menu
Online portal access service
Replies (2)
Quick Summary
Yes, TDS (Tax Deducted at Source) is applicable on the payment made to the vendor for the online portal access service. The TDS rate will depend on the nature of the service and the vendor's status (individual, company, etc.). Assuming the vendor is a company, the TDS rate would be 10% as per Section 194J of the Income-tax Act, 1961. Section 194J applies to "Fees for technical services" which includes online portal access services. So, the TDS amount would be: Rs. 1,00,000 (invoice value) x 10% = Rs. 10,000 You, as the buyer, would need to deduct Rs. 10,000 as TDS and pay the balance amount to the
Ok, Thanks
Recent Topics :
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
Related Topics :
CAclubindia
