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tds on year end purchase
shall tds be deducted while crediting the supplier account for supply of goods at year end and if create a provision there to.
Replies (6)
If you are crediting the supplier's ledger for supply of ggods than no need to deduct TDS.
Tds requried to deduct only if service portion involved.
Tds requried to deduct only if service portion involved.
Yes... I agreed to Mr Vaibhav.
Also no need provisions for supply of Goods.
Also no need provisions for supply of Goods.
in case direct transfer no need to deduct TDS
But provision is to deduct tds from the payment made or credited to the supplier of taxable goods or services or both at prescribed rate. Here how are you all interpreting "credited to supplier".
Thats happens in few cases, where goods as well services involved - service provider doesnt provides sepearate bill and in dat case TDS will be deducted on whole bill amount.
e.g.
Xerox vendor - bill provided for papers as well zerox copy service
Hotel bill - dinner / lunch bill with rent of room.
e.g.
Xerox vendor - bill provided for papers as well zerox copy service
Hotel bill - dinner / lunch bill with rent of room.
(Thats happens in few cases)...🤔🤔🤔
Then Why you not asking details about the query from Querist...?!
Then Why you not asking details about the query from Querist...?!
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