Dear Experts,
I have received an Invoice charging "Storage and Warehousing Charge" under GST SAC- 996729.
My query is under which section should we deduct TDS? 194C or 194I?
Pls clarify.
3 Replies
sanjith kotni
(Articled assistant)
(663 Points)
Replied 13 December 2019
You have to deduct TDS it under 194I as it is paid for using the payee land or building and it is purely paid for renting the space .But If it is paid for refrigerator related services then the substance is not using space in which case you have to deduct TDS under 194C .so in your case deduct TDS under 194I
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 13 December 2019
Deduct TDS under 194I.
Kapadia Pravin
(17259 Points)
Replied 14 December 2019
You are merely getting storage and warehousing service facilities under a contract and you are never getting independent possession of an any place at your disposal.
TDS on above should be under 194C
TDS on above should be under 194C
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
