Tds on newspaper subscription.

yes, applicable under section 194-C

Thank you Diksh.it.  

As per my view a sale is happening there and physical transfer of goods is also happening. Hence Sale in Nature. Then How TDS  can be imposed?

Kindly share any article regading the case in 194 C. I have searched in  Google, but most of theam are to E journal subscriptttion. 

Regards

VInayak

Hi Vinayak Ji

Have you got the solution for your query? I am also having same query.

Can you please give me your answer

No TDS on newspaper subscripttions:

• Buying newspapers or periodicals is a purchase of goods, not a "work" contract. Sec 194C's definition of "work" (Explanation (iv)(e)) excludes manufacturing or supplying a product per the customer's requirement using material bought from someone other than the customer. Simple purchase of standard products isn't covered at all.

• 194J doesn't apply either (no professional or technical service).

• 194Q (TDS on purchase of goods) applies only if the buyer's turnover exceeded Rs 10 crore and purchases from that seller exceeded Rs 50 lakh. An education society paying Rs 1.5 lakh is far below that.

• Distinguish advertisement payments to newspapers: those are 194C (2%).

• GST: printed newspapers are exempt.