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tds on year end purchase

atanu mohanty (3 Points)

18 March 2019  
shall tds be deducted while crediting the supplier account for supply of goods at year end and if create a provision there to.

 6 Replies

vaibhav (student) (253 Points)
Replied 18 March 2019

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.

RAJA P M ("Do the Right Thing...!!!")   (115465 Points)
Replied 18 March 2019

Yes... I agreed to Mr Vaibhav.

Also no need provisions for supply of Goods.

Priya Kashyap (Student) (7038 Points)
Replied 18 March 2019

in case direct transfer no need to deduct TDS

atanu mohanty (3 Points)
Replied 18 March 2019

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".

vaibhav (student) (253 Points)
Replied 19 March 2019

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.

RAJA P M ("Do the Right Thing...!!!")   (115465 Points)
Replied 19 March 2019

(Thats happens in few cases)...🤔🤔🤔


Then Why you not asking details about the query from Querist...?!

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