TDS on Purchase Query

sathya kumar s (Audit Staff) (125 Points)

07 September 2021  

One of our client has turnover over 10 Crs in FY 2020-21. and He made purchase from one party in june 2021 which is around 60 lakhs and they charged TCS for Rs 10,00,000. But he made payment of around 55,00,000 in july only when there was tds on purchase provision. Now is he required to pay tds under section 194Q for such payment made in July ? Invoice is of june Month where the vendor has charged TCS on sales.