Sales of goods of amount Rs77 lakhs to a party
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15 August 2026
I have sold goods of more then 77 lakhs by gst invoice in August 2026. Do I require deduction of tds from the party? Please clarify conditions for deduction of tds as sales were made from my gst proprietorship registered form??
15 August 2026
Reporting a Section 50 loss directly in Schedule CG for a depreciable asset is highly irregular and risks automated queries from the tax department, even for 44ADA filers. The legally defensible and structurally accepted approach is to route the sale through Schedule DPM. You can easily do this without maintaining full books by utilizing the "No Account Case" section in Part A-BS to report basic financial summaries, which then allows the loss to auto-populate from Schedule DPM to Schedule DCG, and finally into Schedule CG without triggering schema errors.
15 August 2026
Reporting a Section 50 loss directly in Schedule CG for a depreciable asset is highly irregular and risks automated queries from the tax department, even for 44ADA filers. The legally defensible and structurally accepted approach is to route the sale through Schedule DPM. You can easily do this without maintaining full books by utilizing the "No Account Case" section in Part A-BS to report basic financial summaries, which then allows the loss to auto-populate from Schedule DPM to Schedule DCG, and finally into Schedule CG without triggering schema errors.
15 August 2026
Where is my querys reply?
16 August 2026
Sorry....
Your GST registration/proprietorship status and ₹77 lakh sales do not themselves create a TDS deduction obligation for you. The crucial question is the buyer's preceding-year turnover (>₹10 crore) and the ₹50 lakh purchase threshold from you.
Your GST registration/proprietorship status and ₹77 lakh sales do not themselves create a TDS deduction obligation for you. The crucial question is the buyer's preceding-year turnover (>₹10 crore) and the ₹50 lakh purchase threshold from you.
21 August 2026
Buyers turnover is above 10 crores in py and purchase above 50 lakhs .Who and when will be tds deducted?
21 August 2026
Is it buyers liability to deduct TDS FROM MY PAYMENT? PLEASE GIVE ME THE CRITERIA?
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