Hi team,
if we have purchased material from the vendor & they have mentioned HSN code on the invoice, so there will be no TDS to be deducted on the same as its goods, but if they have also mentioned freight charges or shipping charges on the same invoice & they have also mentioned SAC for the same now so my question is whether TDS is to be deducted on this invoice or not?
Regards
Rohit
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TDS applicability on HSN/SAC Invoices
Replies (3)
Quick Summary
For tds to be deducted u/s 194 C you must have a contract with the party related to freight or shipping bill....
Vendor is not a service vendor, we are purchasing material from them but they are adding fright charges on that. I asked 1 off CA regarding this & they said that the total cost would be considered as material cost as TDS would not apply on the same.
Please advice
Please advice
Hi Rohit, appears that you are purchasing on FOR basis i.e. goods along with delivery charges. In this case, there would be no need to deduct TDS as it is purely goods procurement. SAC is mentioned on invoice only for GST law purposes.
Hope it helps,
ConnectiWity
Hope it helps,
ConnectiWity
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