09 August 2024
My doubt is A company (Buyer) purchased goods 45,00,000 + GST 5,40,000 = 50,40,000 goods from B company (seller). Turnover of Buyer in preceding PY more than 10 crores. is TDS u/s 194Q applicable to above transaction? Answer 1: Not applicable as goods value is not exceeding 50 Lakhs Answer 2 : TDS applicable as Invoice Value exceeds 50 Lakhs which answer is correct? Plz guide
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