28 June 2021
Section 194Q is to be made with reference to the purchase value, & GST shall form part of the purchase value, therefore, the TDS is deductible on the purchase value inclusive of GST.
28 June 2021
Tax at source u/s 194Q to be deducted on the value excluding GST (on the basis of a circular from CBDT in respect of TDS on services). Thus the threshold limit of Rs.50 lacs does not include GST component in it.
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