18 October 2021
Sir, Our client paid a contractor an advance of Rs. 53,10,000 (45,00,000+GST 8,10,000) for building a "hospital building". His turnover during the year preceeding the financial year in which the payment was made is less than Rs. 50,00,000. Question: Whether GST is considered for calculating threshold limit under section 194M? Will he be liable to deduct TDS u/s 194M? Whether the tds to be deducted is inclusive of GST?
CAclubindia
