TDS
This query is : Resolved
30 October 2009
DEAR SIR,
IF MY FACTORY TAKEN MATERIEL FROM MY CUSTOMER ( MATERIAL RECEIVED AGAINST PURCHASE INVOICE WITH DUTY & TAXES ) AND THEN ADDING NER PART ( OR WITH ASSEMBLE IT ) WITH THAT MATERIAL , WE SEND IT BACK TO CUSTOMER WITH EXCISE INVOICE.
IN THIS CASE , IS THERE NECESSARY TO DEDUCT TDS FROM CUSTOMER ??????
VIJAY
IF MY FACTORY TAKEN MATERIEL FROM MY CUSTOMER ( MATERIAL RECEIVED AGAINST PURCHASE INVOICE WITH DUTY & TAXES ) AND THEN ADDING NER PART ( OR WITH ASSEMBLE IT ) WITH THAT MATERIAL , WE SEND IT BACK TO CUSTOMER WITH EXCISE INVOICE.
IN THIS CASE , IS THERE NECESSARY TO DEDUCT TDS FROM CUSTOMER ??????
VIJAY
30 October 2009
No need of TDS
30 October 2009
Its kind of Jobwork process as per excise act under rule 57F, also note this is a sale proceeds for you. TDS is required to deduct on the expenses which will be dr. to profit & loss account.
Purchase of material is out of the scope of the TDS.
Purchase of material is out of the scope of the 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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
