Tds


This query is : Resolved 

Quick Summary
This discussion clarifies that TDS is generally not applicable to the purchase of dry fruits. Sellers will typically charge GST. However, a significant update from 1st October 2020 introduced TCS (Tax Collected at Source) on such purchases. Further changes were introduced by the Finance Act 2021, with specific guidelines issued by the CBDT under Section 194Q.

29 October 2020 DRY FRUITS PURCHASED THROUGH BILL

WHETHER TDS NEEDS TO BE DEDUCTED ON ABOVE BILL

Rupesh Jain (Expert)
30 October 2020 no, there is no tds applicable, only GST will charge by seller. but form 1-10-2020 TCS will applicable.

31 January 2021 Why TDS deducted on Purchase of dry fruits??? There is no such provision.

31 October 2021 UPDATE as from finance act 2021 ...
https://news.cleartax.in/cbdt-issues-guidelines-under-section-194q/6544/


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