If an amount of 50000 were charged by the supplier in an invoice through which goods are supplied, by supplier.
Then will it become our liability to deduct TDS on freight charges in total invoice amount?
2 Replies
amit chakraborty
(student)
(22 Points)
Replied 16 January 2020
No TDS is needed to be deducted in case of sale of goods. If the delivery of goods is necessary\inevitable to complete the sale, then such delivery becomes part of sale of goods and hence no TDS is deductible. Also if the contract of sale contains clause of delivery of goods for which freight is charged,such transportation becomes an ancillary service and hence no TDS is deductible.
CA Arun Tiwari
(Partner)
(5955 Points)
Replied 20 January 2020
Yes, as the single contract amount exceeds Rs 30,000 so it is liable to be deducted as TDS on full amount U/s 194C.
Recent Topics
- Softex For freelancer ?
- GST ON REIUMBURSEMENT ENTRY ON GST PORTAL
- Missing invoice in gst
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
Related Threads
CAclubindia
