Regarding applicability of Sec 194Q

kondalarao (Tax Consultant) (30 Points)

10 August 2021  

Hi Sir/Madam,

I am accountant of a Sole Proprietorship, We have turnover above 10 cr , we are applicable to deduct TDS u/s 194Q from my suppliers when my purchases exceeds 50 lacs from such party from 1st July 2021 onwards. 

Here my question is that, Is it my responsibility to know the suppliers turnover whether it exceeds 10 cr or not. Or whenever they gave " Confirmation of sec 194Q applicability "  to use, then only is my responsibility to do u/s 194Q.

Can you please answer my Question ?