Liquidate damages ( ld )
This query is : Resolved
14 November 2018
Dear Experts, Please clarify my doubts.
We are purchasing material from B ltd worth rs 1000000 with GST 180000 ( 18% ). As per the agreement we have deducted 2% of LD for delay.
This LD would be treated as service.?
if yes, TDS is applicable or not.?
We are purchasing material from B ltd worth rs 1000000 with GST 180000 ( 18% ). As per the agreement we have deducted 2% of LD for delay.
This LD would be treated as service.?
if yes, TDS is applicable or not.?
14 November 2018
This LD will not be treated as service hence TDS not applicable.
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