Tds on supply of items

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16 Points Posted on 23 February 2021
A firm has provided air conditioners worth Rs 750000 (including installation charges) to my company. whether i should be deducting tds IT u/s 194c and tds igst on the amount???
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On 23 February 2021 at 23:34 Report
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This discussion clarifies TDS applicability for a company that purchased air conditioners, including installation, for Rs 750,000. The consensus is that TDS under Section 194C should be deducted on the invoice value, excluding GST, as there's no separate HSN/SAC code for material and service components. The query about TDS IGST remains open for further elaboration.

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Chartered Accountant
24588 Points Posted on 24 February 2021
Yes you are right
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On 24 February 2021 at 06:31
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Manager
124 Points Posted on 24 February 2021

Is there separate HSN / SAC code on the invoice for material and service component? 

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On 24 February 2021 at 11:36
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17269 Points Posted on 24 February 2021
On payment , TDS under 194C apply.
TDS IGST -- ?? please elaborate
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On 24 February 2021 at 11:37
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16 Points Posted on 24 February 2021
No separate hsn code all included
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On 24 February 2021 at 18:21
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Manager
124 Points Posted on 24 February 2021
Then deduct TDS u/s 194C on invoice value excl. GST
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On 24 February 2021 at 18:42

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