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194Q clarification

meena yadav (79 Points)

21 September 2021  
If we received invoice of June in July 2021 and tcs is already charged on the above invoice .
please clarify that we deduct TDS under section 194Q while booking of invoice if it already charged TCS on invoice.

 2 Replies

shiva sai (student) (76 Points)
Replied 21 September 2021

The amount which has already collected aa TCS, you may ignore.

from next month onwards you must deduct TDS at prescribed rates and receive Debit note from your supplier.

veerendar singh (tax consultant) (2818 Points)
Replied 21 September 2021

I agree with the above

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