50 LAC THRESHOLD LIMIT
This query is : Resolved
15 June 2022
UNDER 194Q TDS ON PURCHASES GOODS-
IS THRESHOLD LIMIT OF 50 LAC INCLUSIVE OF GST OR EXCLUSIVE OF GST
PL.GUIDE ELBORATELY
IS THRESHOLD LIMIT OF 50 LAC INCLUSIVE OF GST OR EXCLUSIVE OF GST
PL.GUIDE ELBORATELY
15 June 2022
It's exclusive of GST.
15 June 2022
Please refer CBDT Circular 13/2021 in support of the above observation.
25 June 2022
ACCORDING MY INFORMATION 50 LAKH THRESHOLD LIMIT IS INCLUSIVE OF GST & 10 CRORE THRESHOLD LIMIT IS EXCLUSIVE OF GST UNDER 194Q
IS IT RIGHT.
IS IT RIGHT.
25 June 2022
In my opinion, the threshold limit of 50 Lacs is excluding GST.
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