Please Help: TDS on printing
Posted Date : 22-Jul-2011 , 12:58:12 pm | Posted By rajat bhatia
suppose an educational institution is getting its books printed from a vendor & that vendor is charging VAT @ 5% on the bill. does the institution need to deduct TDS on that payment or not under 194 C. the vendor is charging VAT.. plz tell
Category : Income Tax | Answers : 3 | Comments : 1 | Hits : 1766
Answers
Answer By: CA. Sachin Data
Answer By: CA. Sachin Data
Please brief out the question as it is not clear that whether such transaction comes under the ambit of contract or not....
In the given case it seems that the Vendor is selling the books rather than it is providing a service because VAT is being charged @5%.
In the given case it seems that the Vendor is selling the books rather than it is providing a service because VAT is being charged @5%.
Answer By: CA VIKAS JAIN
as you mention, vendor is charging the vat on bill, it means he is invoicing for goods not for services so no question of TDS arises
Comments
ankush maheshwari
22-Jul-2011 , 05:35:26 pm