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TDS liability on purchase of e-Books

TDS / TCS 1469 views 1 replies

We have purchased e-Books worth Rs. 16 lakhs for the use of students in the Library of our University. The seller has generated a Tax Invoice in which GST @ 5% and 18% has been added. Now, while making payment to the firm, whether TDS (Income Tax) is to be deducted at source. If yes then please also intimate the rate also. 

 

Thanks.

Replies (1)
No need to deduct TDS.
It is a sale and purchase transaction and no need to deduct TDS in case of purchased and sale transactions


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