Hello,
Recently i paid an invoice of Rs 7.5 lacs by own credit card funded by my employer. I submitted reimbursement for the same after a gap of almost 45 days. Vendor comes under 194Q. As an accountant, how do we ensure that we deduct tds u/s 194Q? This is not the only case. There are many employees who are following same practice. It is amounting to default as we are not deducting TDS. Invoices are addressed to the employer directly with proper GSTIN and other details on it.
Kindly help. How do we ensure that TDS is deducted on all such transactions. Employer does not want to pay tds from his pocket as no of transactions of such a nature will be large and amount will be large as well.
Regards,
Pratik.
CAclubindia
