19 October 2016
Sir we have received bill from Printing Press for Printing of Greeting Card. They issued bill to Rs. 40,000/- including CST @ 5% in the Bill. TDS is applicable on the Bill. They already charged CST @ 5%. Sir can we deduct TDS @ 1% on the Bill amount before payment to Printing Press.
19 October 2016
In bill if the dealer mentioned material charges only then there will be no need to charge any TDS on bill. In bill if they mention Printing charges (which include the labour portion and material ) then their need to charge the TDS @ 1% or 2% according to status of the printing press.
Purely my opinion if other party (i.e, printing press ) ready to provide the PAN then Deduct the TDS . (Safer side)
CAclubindia
