TDS On Invoice

341 views
User Avatar

95 Points Posted on 17 February 2021
In one Invoice if we have 2 line item shown separately for Material and Service Respectively.

Can we deduct TDS only on Service or we need to deduct TDS on both the component ??

Please also refer provision if any for better understanding
0 Reply Share Follow
On 17 February 2021 at 11:22 Report
Replies (3)
Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to both material and service components when they appear on the same invoice. The consensus is that TDS should only be deducted on the service portion, not the material supply part. Section 194C is referenced for contract-related services, reinforcing the distinction.

User Avatar

GST Consultant
15986 Points Posted on 17 February 2021
Only on service. Refer section 194c if the service is in nature of contract
Reply
On 17 February 2021 at 12:16
User Avatar

Chartered Accountant
414 Points Posted on 17 February 2021
TDs will be deducted only on service portion not on material supply part
Reply
On 17 February 2021 at 15:41
User Avatar

95 Points Posted on 17 February 2021
I understand TDS need to be deducted only on Service Portion. My doubt is both Service and Material are in same Invoice so therefore TDS is applicable on Invoice and not line item wise.
Reply
On 17 February 2021 at 15:54

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST IDS Refund – Statement 01A: Invoice Not
  2. TDS deposit code & TDS return
  3. AIS VS GST Mismatch- FY 2025-26
  4. Gross total income
  5. Export Compliance
  6. Sale of plots in open land
  7. Income tax query
  8. Best CA Inter coaching in laxmi nagar
  9. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  10. Unregistered Association of Persons (AOP) Agreemen

More recent discussions | Post

Related Topics :

Loading