Whether TDS is deductible on payment for printing of visiting cards, job cards, letter pads etc?
Thanks
18 Replies
santhosh
(CA)
(636 Points)
Replied 18 September 2009
See whether it is a Job work kinda, otherwise forget about deducting TDS. one more Criteria is whether VAT or Service tax is Charged in the invoice
. If SERVICE tax is charged Deduct TDS i or f VAT is charged Dont Deduct TDS
Naina
(CA Student)
(477 Points)
Replied 18 September 2009
| Originally posted by :santhosh | ||
| " | See whether it is a Job work kinda, otherwise forget about deducting TDS. one more Criteria is whether VAT or Service tax is Charged in the invoice . If SERVICE tax is charged Deduct TDS i or f VAT is charged Dont Deduct TDS |
" |
No VAT/Service Tax is charged by the printing press company.
CA Hemant Kumar
(CA, LLB (p), B.Com)
(204 Points)
Replied 18 September 2009
You just verify that is it a contract............if it is then TDS is deductible u/s 194C
But keep the Limit of Rs. 20000 per bill and Rs. 50000 aggregate in mind
Sunil
(Trader)
(2611 Points)
Replied 18 September 2009
Even if VAT is charged by sales tax TDS is deductible on this. This is because stationery printed for you can only be used by you. Likewise even if you get any article with your name printed on it, TDS is applicable. It is better you show invoice for article and seperate bill for the printing charges and deduct TDS on that.
CA. SUDHARSAN K G
(Chartered Accountant)
(472 Points)
Replied 19 September 2009
it is a contract for Job hece TDS Chargeability will be u/s. 194 C
Vivek Jarial
(Student)
(272 Points)
Replied 19 September 2009
it is contract of work so tds is applicable u/s 194c
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 19 September 2009
TDS ON CONTRACT UNDER SEC 194C defintley if service tax is charged and even if vat is charged provided your letter heads and pads have your company logo or name engraved on it
Pawan Kumar
(audit manager)
(118 Points)
Replied 19 September 2009
i need to confirm that if invoice show service tax then TDS will be deducted and if invoice show VAT then TDS will not be deducted. is it true? i m not sure.
as per my knowledge TDS should be deducted in both cases.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 19 September 2009
yes pawan You are right even if vat is charged TDS to be deducted but only thing is such kind of letter pads,visiting cards should have the company name or logo engraved .For example if such letter pad,visiting cards are plain with no logo or company name embossed on it on which vat is charged in such a case no TDS be deducted as it is a pure sale
rucku
(student)
(22 Points)
Replied 19 September 2009
hi i am a pcc student...i want to know whether service tax input has to be taken or not for consumable items?
Pawan Kumar
(audit manager)
(118 Points)
Replied 09 December 2009
service tax cannot be taken on consumable item.
moorthy
(Acc Exe)
(26 Points)
Replied 12 May 2010
how can we deduct tds for letter heads with logo printing and visiting card when vat is charged
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
