TDS under section 194M
This query is : Resolved
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?
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?
18 October 2021
1. No. GST to be excluded.
2. No.
3. No.
2. No.
3. No.
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