16 October 2015
We are placing purchase order for purchase of water. The water has been supplied by the supplier in his tanker to our site. We have raised GRN (Goods Receipt Note) for the purchases. The water has also been used directly for our production. We have made payment on tonnage basis not in trip basis. In this case whether we have to deduct TDS on our water purchases.
16 October 2015
u r purchasing water... if you have a contract in which it has been clearly written that water will b supply to you by them through their tankers and all..
then it will b termed as contract and in mah view TDS liability will b there...
but if no such contract exists.. show it as purchase to avoid tds
CAclubindia
