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TDS on brochures

Shivani (Learner) (1881 Points)

18 June 2014

Dear sir,

Please guide in Following Queries :

1) If we receive the bill regarding , printing of brouchers, job work of logo IS tds will applicable on it?

2)if bill of printing is receive with cst/ vat then tds will deduct or not ?

3) Is the TDS is applicable only on job work OR applicable on both job work or work contract.

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9 Replies

Mihir (Wealth Manager) (5293 Points)
Replied 18 June 2014

Please refer to this chart.

Attached File : 124539 1327909 tds work contract.pdf downloaded: 4206 times

3 Like

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CA Raj Doshi (Practising CA) (8924 Points)
Replied 18 June 2014

Very nice chart. Thank you.

Shivani (Learner) (1881 Points)
Replied 18 June 2014

i dont understand the chart

i dont have knowledge of Act.

please answer in yes or no

(Guest)

1. Yes tds will applicable on job work

2. if u completely purchased everything like paper, priniting on it., then if party is charging vat or cst it means they have sold u good, and u had purchased them... so no tds applicable on purchase

3. TDS applicable on both on job work and on works contract...

Rakesh (executive) (192 Points)
Replied 18 June 2014

yes TDS is to be deducted under sec 194c i.e work contract..... now question is that what amount chargeable to tax.... firstly If invoice contain both material amount n job work amount then tds is to be deducted on full amt of invoice... second if you receive seperate bill for material and job work charges than tds is to be deducted on job work charges bill amount....

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CA Devendra Kulkarni (Chartered Accountant) (39 Points)
Replied 18 June 2014

Yes tds will be deductible u/s194c of the act.. tds is shall be deducted on service portion whether job work or works contract. As far as sale of goods is concern. There is no need to deduct tds.. hence in your case.. 1. Tds shall be deducted at specified rates 2.if bill of printing is received with vat /cst then on whole amount of bill tds should be deducted(as per act.sale of goods doesnt attract tds provisions but for calculation simplicity full bill value should be used) 3.tds should be deducted..

pavan (Asst.Manager) (23 Points)
Replied 19 June 2014

1. Printing of brouchers or any thing also comes under works contract. For that you have to deduct TDS u/s 194 C - for Companies - 2%, for Non-Companies - 1%. Coming to the point no.2, Though it was a vat/cst bill, you have to deduct TDS on the total bill amount i.e printing charges & cost of the material also.( If the printing charges not mentioned seperately on the bill) If the printing charges were mentioned sepately on the bill, you have to deduct TDS on that particular printing charges only.