TDS Deduction for services undertaken from Amazon Internet Services Pvt Ltd ( AISPL )

[Nayan Kamat]

I am sure that a lot of startups would be using Amazon to host their websites. We too are using Amazon Internet Services for hosting our website.

Since we are going to be paying them more than Rs 30K for FY 2017-18, we are required to deduct TDS but AISPL is suggesting a different method where we pay the government the TDS amount without deducting from their invoices and later on claim reimbursement from AISPL after producing the form 16A.

If anyone has been deducting TDS for services taken from ( AISPL ) Amazon Internet Services Pvt Ltd, It would be great if we can how it is done. 

Any help would be highly appreciated

Regards

Nayan Kamat

Ashvattha Technologies Pvt Ltd

8073957698

nkamat at dbprotfolios dot com

[Nitin Pahilwani]

First you dedcut TDS from the invoice amount and paid them remaining amount.

Thanks & Regards

_____________________________________

Nitin Pahilwani N Pahilwani & Associates- Chartered Accountants mobile: +91-9898963506  email: ni...@npahilwani.com address: 306, Silver Oak, Productivity Road, Akota, Vadodara 390020 site: www.npahilwani.com

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[Sanjay Jain]

This is perfectly fine. Amazon is doing this because they don’t to be running around with their clients to ensure you have deposited the TDS amount and filed your returns. They will give you the money back or the credit once you give them the Form 16A certificate (which comes after you have deducted, deposited and filed the returns).

 

You can pass the entries in the books accordingly by showing the full payment on one hand while showing the deduction simultaneously leaving a debit balance to be recovered later.

 

Thanks

Sanjay Jain

SANJAY MAHAVIR JAIN & ASSOCIATES

CHARTERED ACCOUNTANTS

73, 17th Main, 3rd Cross, Near Kendriya Sadan 

Koramangala 2nd Block, Bangalore 560034

M: 9916048857 | san...@smja.co.in

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[Amit Das]

just work with your AWS account manager. We deduct TDS every month. Their account management is still a pain, but you can deduct TDS

Regards,
Amit

       

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