We purchase drugs/ antibiotics from the manifacturer . manufacturer manufacturers drugs according to our specifications and they print our company logo,name on the products. We don't supply any material to the manufacturer. My question is , should we deduct t.d.s or not? If yes , they charge c.s.t @ 1.5 . should we deduct t.d.s on invoice value excluding c.s.t or including c.s.t? Kindly replay
27 January 2016
FOR MANUFACTURE TDS NOT ATTRACT, BUT IF THERE IS ANY AGREEMENT FOR JOB WORK TDS IS APPLICABLE. BUT YOU HAVE MENTIONED THEY HAVE CHARGED 1.5% CST , SO IT AMOUNTS TO PURCHASE , PURCHASE NOT ATTRACT WILL TDS.
CAclubindia
