TDS ON PURCHASE (U/S 194Q) Turnover Limit

This query is : Resolved 

Quick Summary
This discussion addresses the applicability of TDS on purchases under Section 194Q, which came into effect on 1st July 2021. The key question is whether the Rs. 10 crore turnover threshold for buyers includes GST. The consensus is that the Rs. 10 crore limit refers to turnover or gross receipts from the buyer's business, excluding GST.

19 June 2021 TDS on purchase applicable u/s 194Q wef 01/07/2021 for Turnover Rs. 10 Cr. or more. This limit of Rs. 10 Cr. is with GST or without GST , please advise

19 June 2021 As I understand, this limit does not include GST.

21 June 2021 Turnover / Gross Receipt/ Sales from the business of BUYER should exceed Rs 10 crore during the year (FY 20-21) (excluding GST)


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details