we make late payment of our purchase bill . supplier raise debit note on us charging overdue or late payment interest.
now is there any liability of me to deduct tds on interest amount
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Tds on interest of overdue payment
Replies (4)
TDS under section 194A is not applicable here ...just refer caselaw of shree venkateshwara paper agency
But one of supplier tell us for tds deduction. supplier is well known mnc
If they want you to deduct the TDS, it might just be easier to deduct it instead of arguing!
You're not incurring any additional expense anyway.
Supply of ģoods and services comes within the purview of gst not tds.
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