our sale is 9 cr gst rate on our goods 28% . is we liable to deduct tds on purchase.
what is 10 cr limit. is that taxable vallue or vallue including GST
194 q applicability
Replies (5)
Quick Summary
50Lakhs is the limit for 194Q
We want to know when will we have to deduct tds
when our sale more then 10 cr with gst or without gst
when our sale more then 10 cr with gst or without gst
Turnover doesn't include GST and other taxes ..
194Q is for purchase of goods per person per annum.It has no connection with sales
194Q is for purchase of goods per person per annum.It has no connection with sales
If your Turnover ( Not including GST) is less than 10 crores , TDS U/s 194Q not applicable...
If transaction with supplier exceeds 50 lakhs in FY 21-22 and TDS under 194Q is deducted in PY. Now in current FY 22-23 should we deduct TDS for any transactions with same supplier as the transactions did not exceed 50 Lakh in current FY. Should I have to deducted TDS under 194Q for FY 22-23?
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