I am dealing with a party who is registered in many states and raised bill from three states.
every state billing crossing ceiling of rs 50 lac
do i need to take exemption rs 50 lac on every state purchase separately or I can claim only 50 lacs of all three states
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Tds liability under section 194q
Replies (6)
The purchase limit of Rs, 50 Lacs is PAN-based.
If all the entities are under the same PAN, then you have to check the limit of Rs. 50 Lacs aggregating all the purchases from all the states.
50lacs limit is per person per financial year
50 Lakhs exemption is from one PAN, so you claim exemption only once.
It's one pan and one gst which is registered.So 50 lakhs aggregating of turnover is from multiple states .
No sir one pan two gst no
Exemption of only 50 lakhs allowed once.
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