194Q TDS ON PURCHASE OF GOODS

Tara Khandelwal (Student CA Final ) (298 Points)

14 July 2021  

Hello everyone

1) I have a query related to deduction of 194Q. Whether it has to be deducted on taxable value or invoice value inclusive of GST & Freight. Also some charge Freight along with goods purchased and GST is charged only on goods and not on freight.

What would be the Purchase value on which TDS @ 0.1%

2) Whether TDS under 194Q is deductible on Monthly electricity bill paid in excess of Rs.50 lacs ?