194 q clarify

I am liable for TDS Deduction I received first purchase bill from vendor.
Taxable value 48 lakh
GST. 2.4 lakh
total 50.40 lakh
whether I will deduct TDS 194 q ?
Replies (6)
Quick Summary
This discussion clarifies whether TDS deduction is required under Section 194Q when the taxable value of a purchase bill is ₹48 lakh, with GST making the total ₹50.40 lakh. The consensus is that TDS under 194Q is applicable on the taxable value, not the total invoice value, and therefore, if the taxable value is below ₹50 lakh, TDS deduction is not required. However, there's a brief mention of Section 206C(1H) where TCS is applicable on the total amount.

No as total taxable value is below 50 lakhs

Yes, you are liable to deduct TDS.

Not at all TDS applicable on taxable value not invoice value

CA Rashmi Gandhi mam aise do hi sections hai 194q and 206C (1H) jisme TDS/TCS deduction total amount par hogi na ki taxable value par. Correct me, if i am wrong.

TDS will be deducted on taxable value. 

So no need to deduct the TDS. 

TDS on taxable value and TCS on total amount. Circular already issued.

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