194 Q DEDUCTION

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MURALI THARAN (Querist)
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27 June 2021 Can any one clarify the new TDS 194 Q.

How to deducted the TDS before GST value or full invoice value ?

The 50 Lakh threshold limit is including GST?

CA Altamush Zafar

CA Altamush Zafar (Expert)
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28 June 2021 Before GST. 50 Lakhs do not include GST amount.

Ganeshbabu K

Ganeshbabu K (Expert)
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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.

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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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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