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TDS u/s 194Q regard

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karthigeyan

Individual

25 Points Posted on 06 May 2022

Sir we have two GSTIN in different states in one PAN based, Last FY 21-22 our Turnover in each GSTIN is below 10 crores (but altogether our Turnover exceeds 10 Crores). Last FY 21-22 we have deducted TDS u/s 194Q on our purchases. Now in April'2022 our purchase exceeds Rs.50 Lacks in each GSTIN, now what will do?

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Quick Summary

This discussion addresses a query regarding TDS deduction under Section 194Q for a business with two GSTINs under a single PAN. Despite individual GSTIN turnovers being below 10 crores in FY 21-22, the total turnover exceeded 10 crores, leading to TDS deductions on purchases. The user is now seeking guidance on how to proceed in April 2022, as purchases in each GSTIN have surpassed Rs. 50 lakhs, and clarification on whether TDS applies to the taxable value or the total invoice amount.