TDS 194Q on Electricity

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 29 April 2022

Electricity is not a good . So 194Q is not applicable

sabyasachi mukherjee

Profession Business

28207 Points Posted on 30 April 2022

The logic electricity is not a good is not correct.
Tds on electricity is not applicable.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 30 April 2022

194Q is on sale of goods only ..First read what is 194Q

sabyasachi mukherjee

Profession Business

28207 Points Posted on 30 April 2022

You hv missed two points
1. sec 194q is applicable on purchase of goods in a financial year more than 50 lacs @ 0.1%, the querist has not mentioned the threshold limit and electricity is an utility payment. So you are mistaken.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 30 April 2022

Check my first answer .You have misunderstood and roaming around GST instead of Tds

sabyasachi mukherjee

Profession Business

28207 Points Posted on 01 May 2022

Check my first answer . do not roam around gst.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 01 May 2022

Understand the section first ..194Q is not applicable on Electricity Expenses

Nitin

accountant

461 Points Posted on 01 May 2022

But we deduct TDS as per instruction by Electricity company they mention on bill deduct TDS section 194Q 0.1%

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 01 May 2022

If both are agreed and is part of audit query then support it with caseslaws

sabyasachi mukherjee

Profession Business

28207 Points Posted on 04 May 2022

You should not deduct tds on electricity.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 04 May 2022

One must support it with judgements of DTL

Mukesh Katara

Account manager

533 Points Posted on 12 May 2022

If Electricity Supply by Private Company than TDS applicable under section 194-q other wise note please read Government clarifications in month of Nov 2021