TDS ON SCRAP AND GST TDS
This query is : Resolved
04 February 2025
GOVERMENT HAS INTRODUED GST TDS ON SCRAP FROM 1ST OCTOBER 2024 @2%.
SCRAP PURCHASE VALUE RS. 52,00,000
CGST RS. 4,68,000
SGST RS. 4,68,000
TOTAL RS. 61,36,000
GST TDS AMOUNT WILL BE RS. 1,04,000(52,00,000@2%)
NOW 194Q IS ASO APPLICABLE TO US SO QUESTION IS 194Q IS BECOME APPLICABLE ON WHICH AMOUNT RS. 52,00,000 OR 50,96,000 (52,00,000-1,04,000 GST TDS ON SCRAP) @0.10%
SCRAP PURCHASE VALUE RS. 52,00,000
CGST RS. 4,68,000
SGST RS. 4,68,000
TOTAL RS. 61,36,000
GST TDS AMOUNT WILL BE RS. 1,04,000(52,00,000@2%)
NOW 194Q IS ASO APPLICABLE TO US SO QUESTION IS 194Q IS BECOME APPLICABLE ON WHICH AMOUNT RS. 52,00,000 OR 50,96,000 (52,00,000-1,04,000 GST TDS ON SCRAP) @0.10%
04 February 2025
Over Rs, 52 L.
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