Tds on purchases of Goods u/s 194Q
While computing 50 Lakh threshold
limit, is inclusive of GST component
or excluding GST comonent.
Exact definition of 50 lakh Threshold
Pl. Guide.
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TDS on purchases of Goods 194 Q
Replies (11)
Quick Summary
It doesn't include taxes .
So base value will be considered for threshold.
You can say exclusive of GST component
So base value will be considered for threshold.
You can say exclusive of GST component
194Q says that purchase of goods of the value or aggregate of the value exceeding 50 Lack Rs. It means considering GST components also.
In short total invoice value.
In short total invoice value.
Aggregate value doesn't doesn't mean taxes but it is about all purchases made from a particular supplier
You have to consider value exclusive of GST, clarification was already issue by IT dept.
@ Rajkumar ,
GST component can't be considered for Tds purposes
GST component can't be considered for Tds purposes
Again. same reply
There is difference in each reply and I think your eyes because yellow and you can't see positivity..
You behave like it's your own website and trying to dectate others just like your assistants and that doesn't work here .
You behave like it's your own website and trying to dectate others just like your assistants and that doesn't work here .
Check your first and last reply, there is only u on this website who ruined every post by your multiple replies.
Your comments are the reason for it and you are the one who started the unhealthy discussion.Hope you remember it
Here subject is reckoning 50 lakh threshold limit
My understanding is whole purchase consideration ( Including Gst also )
My understanding is whole purchase consideration ( Including Gst also )
No . For tds purposes, GST and other taxes will not be considered
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