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Section 194Q....

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(Querist)
30 June 2021 Whether 50 lacs shall include gst amount for the purpose of purchase limit of 50 lacs under section 194Q
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
30 June 2021 To my understanding, no.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 July 2021 No need to consider GST amount to check the threshold,becuse the wording of clause(1) is "........ for purchase of any goods of the value........".
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Gourav dewangan

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Gourav dewangan (Querist)
01 July 2021 Thanks for the reply.
One more question. On which amount TDS to be deducted, whether excluding gst or including gst
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
01 July 2021 Excluding GST

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