Calculation Threshold limit 194Q - single pan two GSTN

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ACCOUNTS OFFICER
83 Points Posted on 08 July 2021
a company supplying goods from their two different plants (different GSTN) and same pan no.

how to calculate threshold limit for TDs u/s 194Q.
Is turnoVer to be merged?
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On 08 July 2021 at 14:57 Report
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Quick Summary
This discussion clarifies the calculation of the TDS threshold under Section 194Q when a company operates from two different plants, each with a separate GSTN but under the same PAN. The consensus is that the threshold limit for TDS under 194Q is calculated on a PAN-wise basis, meaning turnover should be merged for this purpose as it's an Income Tax Act requirement.

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CMA
13117 Points Posted on 08 July 2021
PAN based threshold will apply because 194Q is related to Income Tax Act.
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On 08 July 2021 at 15:32
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GST Consultant
15986 Points Posted on 08 July 2021
It will be calculated PAN wise. All income tax compliance are done entity wide.
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On 08 July 2021 at 15:37

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