06 April 2015
I have a general doubt on sales on e commerce sites
if i sell a product on flipkart to a customer the amount flipkart remits to me is net of the commission it charges,
now is tds payable on commission as my limit exceeds 5000 and if
so, then should i pay tds u/s 194H and claim that amount from flipkart because if he doesnt refunds me that amount then i am at a loss and flipkart gets a benefit
please suggest a solution for the same
06 April 2015
You should comply with sec 194 H for sure. Pay the TDS and raise a Debit Note for the TDS amount and get it reimbursed from them. It is a standard procedure being followed by many of the clients e-commerce dealers.
NB: But only upon the receipt of Form 16, they will release the payment.
CAclubindia
