TDS on printing and stationery
This query is : Resolved
29 September 2009
Is TDS applicable for situation:-
We have made the payment to printing and stationery vendor for printing the company invoice and envelop. We have no agreement with the vendor. He is also charging the VAT .
Plz suggest.
Is TDS applicable for situation:-
We have made the payment to printing and stationery vendor for printing the company invoice and envelop. We have no agreement with the vendor. He is also charging the VAT .
Plz suggest.
29 September 2009
It would come under sec. 194C of the IT Act liable to TDS.
There is no requirement of existence of a written contract. Agreement / contract can be oral. It is evidenced by conduct of the parties.
There is no requirement of existence of a written contract. Agreement / contract can be oral. It is evidenced by conduct of the parties.
29 September 2009
This is merely a purchase and sale transaction. hence do not confuse with tds. If the vendor charges separately for labour(separate bill for labour charges only), it will come under 194C.
29 September 2009
No Not Applicable.
30 September 2009
No TDS is not applicable in the given situation.
Regards
Regards
30 September 2009
Dear Manoj,
As per SEC 194C TDS APPLICABLE ONLY FOR LABOUR CHARGES AND IT SHOW SAPARATE LINE ITEM IN THE ORGINAL INVOICE.
BUT IN YOUR CASE TDS NOT APPLICABLE
Regards
Kariyappa
As per SEC 194C TDS APPLICABLE ONLY FOR LABOUR CHARGES AND IT SHOW SAPARATE LINE ITEM IN THE ORGINAL INVOICE.
BUT IN YOUR CASE TDS NOT APPLICABLE
Regards
Kariyappa
30 September 2009
With due respect to the experts, I beg to differ.
The queried situation is not a merely transaction for purchase of stationery.
It is a composite contract for printing of stationery involving supply of materials.
This issue has already been examined vide circular no 715 dtd. 08-08-1995. The board is of the view that, TDS is attracted on supply of printed materials.
It would be of benefit to refer to the following as well.
https://www.caclubindia.com/forum/message_display.asp?quote=39100&group_id=6016
The queried situation is not a merely transaction for purchase of stationery.
It is a composite contract for printing of stationery involving supply of materials.
This issue has already been examined vide circular no 715 dtd. 08-08-1995. The board is of the view that, TDS is attracted on supply of printed materials.
It would be of benefit to refer to the following as well.
https://www.caclubindia.com/forum/message_display.asp?quote=39100&group_id=6016
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