TCS vs 194Q

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Anirudha (Querist)
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26 July 2021 Dear Sir,

If a supplier supply the goods in this also charge TCS in that , can we deduct TDS in that bill??

Request you kindly help...

Regards
Anirudha Biswal
9818159649

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 July 2021 No TDS when TCS is charged.

CA Altamush Zafar

CA Altamush Zafar (Expert)
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26 July 2021 Primary liability is of TDS. If tds is not applicable u/s 194Q then tcs can be collected by seller.

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CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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26 July 2021 Even though the primary responsibility is that of the buyer to deduct tax u/s 194q, if TCS has already been collected by the seller on the same transaction, the buyer is not required to deduct tax u/s 194q again. This is as per the latest clarification issued by CBDT.

Harshit Bangar

Harshit Bangar (Expert)
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27 July 2021 deducting TDS under section 194Q is compulsory but TCS is not applicable where that payment and receipt is covered under any other TDS or TCS provisions.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 July 2021 194Q and TCS on supply of goods not applicable where that payment and receipt is covered under any other TDS or TCS provisions.