TDS 194C .
This query is : Resolved
03 November 2021
Whether central govt hospitals deducted TDS on payment made to contractor for supply of medicine
03 November 2021
As per sec. 194Q, which is applicable from 01.07.2021, if the conditions as per the section gets satisfied, the hospitals need to deduct TDS.
03 November 2021
As per circular issued by CBDT ... Circular No. 13 of 2021 dated 30.06.2021, ......
......
"2. Buyer is defined to be person whose total sales or gross receipts or turnover from the business carried on by him exceed ten crore rupees during the financial year immediately preceding the financial year in which the purchase of good is carried out. Central Government has been authorized to specify by notification in the Official Gazette, person who would not be considered as buyer for the purposes of this section.." .....
But as on date no exemption list issued. So, it is applicable to the hospitals also.
......
"2. Buyer is defined to be person whose total sales or gross receipts or turnover from the business carried on by him exceed ten crore rupees during the financial year immediately preceding the financial year in which the purchase of good is carried out. Central Government has been authorized to specify by notification in the Official Gazette, person who would not be considered as buyer for the purposes of this section.." .....
But as on date no exemption list issued. So, it is applicable to the hospitals also.
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