Tds on bar code subscription fee

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whether tds to be deducted against payment made to GS1 for bar code subscripttion fee?
Replies (8)
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.
1000s of unique no. will be allotted , which we will use for our medicines


and thank you for reply
Deduct TDS u/s 194J @ 10%
Ok thanku so much but just last question whether tds applicable due to falling under technical service as per 94J.?
Yes applicable
But on technical service , isn't it 2%
Yes its 2% w.e.f. 01.04.2020

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

 


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