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Tds liability under section 194q

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Account Supervisor
129 Points Posted on 20 August 2022
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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On 20 August 2022 at 16:51 Report
Replies (6)
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Chartered Accountant
5010 Points Posted on 20 August 2022

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. 

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On 20 August 2022 at 17:25
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CFO- at NHTF
58280 Points Posted on 20 August 2022
50lacs limit is per person per financial year
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On 20 August 2022 at 19:43
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Chartered Accountant
86505 Points Posted on 20 August 2022
50 Lakhs exemption is from one PAN, so you claim exemption only once.
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On 20 August 2022 at 23:19
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Profession Business
28207 Points Posted on 21 August 2022
It's one pan and one gst which is registered.So 50 lakhs aggregating of turnover is from multiple states .
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On 21 August 2022 at 06:48
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Account Supervisor
129 Points Posted on 21 August 2022
No sir one pan two gst no
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On 21 August 2022 at 21:31
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Chartered Accountant
86505 Points Posted on 22 August 2022
Exemption of only 50 lakhs allowed once.
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On 22 August 2022 at 22:09


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