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TDS 194Q Purchase of Goods

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(Querist)
09 August 2024 My doubt is
A company (Buyer) purchased goods 45,00,000 + GST 5,40,000 = 50,40,000 goods from B company (seller). Turnover of Buyer in preceding PY more than 10 crores.
is TDS u/s 194Q applicable to above transaction?
Answer 1: Not applicable as goods value is not exceeding 50 Lakhs
Answer 2 : TDS applicable as Invoice Value exceeds 50 Lakhs
which answer is correct? Plz guide
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 August 2024 Not applicable as goods value is not exceeding 50 Lakhs ............. Correct
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 September 2024 Good Luck.
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