T.d.s
This query is : Resolved
27 January 2016
Dear sir/madam,
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
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
This is purchase transaction and no TDS applicable
Message likes :
1 times
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
