Income Tax & GST

[Niraj Kumar]

Hi...
Recently we printed some books for community educational purposes. The invoice with GST costs 1 Lakh plus. Will TDS Apply to it if we have a GST invoice?

AI Summary

Debate on TDS applicability for book printing invoice with GST; check HSN code 4820 and CBDT circulars. A discussion on a forum addresses whether Tax Deducted at Source (TDS) applies to an invoice for printing books with GST. The initial query suggests the invoice exceeds 1 lakh and includes GST. A respondent indicates that if GST is applied, the transaction might be classified as a service, suggesting reviewing the HSN code on the invoice. The code provided, 4820, suggests a different classification. Another participant advises consulting specific CBDT circulars for further guidance on the matter.