TDS On item purchase

This discussion clarifies whether Tax Deducted at Source (TDS) applies to item purchases. While some believe it's not applicable to goods, others point out that Section 194Q of the Income Tax Act covers all goods purchased if certain turnover thresholds are met. If your company's previous year sales exceeded 10 crore and purchases from a vendor exceeded 50 lakhs, TDS at 0.1% may be applicable. Otherwise, GST is likely the relevant tax.