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Tds on bar code subscription fee

Final 5001 views 8 replies
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36 Points Posted on 12 August 2020
whether tds to be deducted against payment made to GS1 for bar code subscripttion fee?
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On 12 August 2020 at 19:40 Report
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Chartered Accountant
4524 Points Posted on 12 August 2020
TDS @ 10% under section 194J of the Income Tax Act, if payment exceeds ₹30,000 per annum Note no TDS on GST component.(Assuming its for technical Service if you are given access rights)
but you need to elaborate more on what account such annual subscripttion fees is paid.
25 Reply
On 12 August 2020 at 19:53
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36 Points Posted on 12 August 2020
1000s of unique no. will be allotted , which we will use for our medicines


and thank you for reply
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On 12 August 2020 at 19:55
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Chartered Accountant
4524 Points Posted on 12 August 2020
Deduct TDS u/s 194J @ 10%
25 Reply
On 12 August 2020 at 20:01
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36 Points Posted on 12 August 2020
Ok thanku so much but just last question whether tds applicable due to falling under technical service as per 94J.?
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On 12 August 2020 at 20:03
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Chartered Accountant
4524 Points Posted on 12 August 2020
Yes applicable
25 Reply
On 12 August 2020 at 20:08
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36 Points Posted on 12 August 2020
But on technical service , isn't it 2%
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On 12 August 2020 at 20:19
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Chartered Accountant
4524 Points Posted on 12 August 2020
Yes its 2% w.e.f. 01.04.2020
25 Reply
On 12 August 2020 at 22:09
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3 Points Posted on 18 May 2022

whether tds to be deducted against payment made to GS1 for bar code subscriptttion fee?
 

 

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On 18 May 2022 at 12:08


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