Section 194 Q

This query is : Resolved

seeta (Querist)
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15 September 2021 Purchase from 01/04/2021 to 30/06/2021 4720000.00 (including GST)
Purchase from 01/07/2021 to 31/08/2021 1180000.00 (including GST)

My Question is
(i) TDS to be deduct on what amount?

(ii) TDS while be charge on GST amount also?

(iii) If I have deduct the TDS on amount including GST what should I do?

Please reply us on urgent

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 September 2021 I Deduct TDS on amount exceeding 50 lacs.
ii and iii Exclude GST.

seeta

seeta (Querist)
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15 September 2021 While Check the Limit of 50 Lacs it include the GST amount (its means total value of purchase is considered)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 September 2021 Yes, you are right total value including GST to be considered.
For TDS exclude GST.

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