Is TDS applicable to the purchase of Diesel, petrol etc on monthly basis
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Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) applies to monthly purchases of diesel and petrol. It confirms that TDS is applicable under Section 194Q for dealers, provided their preceding year's turnover exceeded Rs. 10 Crores. The discussion also briefly touches upon GSTR-9 and GSTR-9C turnover limits, noting they are separate considerations.