Tds on subvention paid by dealer to bajajaj finance ltd
This query is : Resolved
14 September 2019
what is the accounting proceedure for accounting subvention income invoice received from bajaj finance ltd to a dealer dealing in electronis?is TDS u/s 194h is applicable while remitting by the dealer to bajaj finance limited? GST 18% has been charged in the invoice is the gst component in the invoice avaiable for ITC in the books of the dealer?
14 September 2019
ITS COMMISON AS PER INCOME TAX TDS HAS TO BE DEDUCTED
14 September 2019
Yes you can claim ITC, but ask for Tax invoice for the same from finance
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