Household goods
This query is : Resolved
Quick Summary
Rajkumar Gutti
(Querist)
20 March 2025
Grocery purchased for poor people donatio
For tds under 194 q limit crossed.
For deducting tds can gst taken into consideration or not.
For tds under 194 q limit crossed.
For deducting tds can gst taken into consideration or not.
CA R SEETHARAMAN
(Expert)
21 March 2025
GST (Goods and Services Tax) has a specific role in Section 194Q of the Income Tax Act. GST is excluded from calculating the total turnover of a financial year. However, when calculating the TDS (Tax Deducted at Source) to be paid under Section 194Q, GST is included at a rate of 0.1%.
Rajkumar Gutti
(Querist)
21 March 2025
Sir is there any notification, circular for reference
Dhaval Kakadiya
(Expert)
22 March 2025
No TDS to be deducted on GST component. CBDT has already clarified that vide Circular 23/2017 dated 19th July, 2017.
Rajkumar Gutti
(Querist)
22 March 2025
Sir
there is a puzzle bcoz in your first reply, you mentioned, gst componant is included for deducting tds.
there is a puzzle bcoz in your first reply, you mentioned, gst componant is included for deducting tds.
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