Tds on tour operator


Accounts exe

Dear All,

Please help me i m very frustrated.. only expert reply.

We are running tour operator firm. is tds applicable on this case or not?

I purchase a package frorm other tour operator comapny  for my client, now i have deduct 2 % TDS while payment to other operator com.

But they said tds would bot applicable in this case. 

Please help me tds applicable or not??

 
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CA, CS

yes Nisha...TDS will come u/s 194C - Payment to Contractors

 
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Accounts exe

But  Other tour comapny is not agree.. they said you have purchase a package from us and sell to your client so in case tds would not applicable.. i m too confuse

 
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one of our clients is also running a tour opreator business

but TDS is not applicable on such transcation as this is PURCHASE & SALE transaction for a tour opreator.

So TDS is not applicable as it is the core business.

 

TDS is is applicable on Business Expense like advertisement, rent, salary etc

 
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Accounts exe

Thanku so much.. 

Can you provide any case or detials regarding this matter. Than how to made entry regardsing this .

 
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Accounts exe

They gave me a bill

Tour package  -amount  Rs 48000/-  ( may be service tax 3.09 % alredy inculd in it)

 
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Accounts exe

Dear Ramsai t is tour package and tour package not attract vat its attract Service tax.. 

 


Total likes : 1 times

 
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Accounts exe

expert sir/ mam  where are you ? please anybody help me ?  

 
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Asstt Manager - Accounts

Yes,

I am agree with Ramsai, 

if you have received bill of VAT - No TDS  (Purchase)

if you have received bill of CST - No TDS  (Purchase)

if you have received bill of Service Tax or with out any tax - Depend on nature of Payment 

if you have received bill of Service Tax on 25% of Ass.value - service Tax to be deposited by service receiver on 75% of ass. value 

Regards,

Praveen Sharma

 

 

 
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Accounts exe

dear parveen please first read query carefully then reply. 

 
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