purchased and paid next day of april 22 . bill amt. before gst 20,00000
after gst 20,10,000
.then in may 22, purchased and paid next day
bill amt before gst 40,00,000
after gst 40,80,000
how much tds to be dedected in may 2022
10 Replies
Kev Men
(788 Points)
Replied 08 May 2022
Total purchases without GST is Rs. 60 lacs. TDS to be deducted u/s 194Q will be 0.1% on 10lacs. i e. on amount exceeding 50 lacs.
The TDS amount will be Rs. 1000/-
It is assumed that other conditions of applicability of section 194q is fulfilled.
The TDS amount will be Rs. 1000/-
It is assumed that other conditions of applicability of section 194q is fulfilled.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 08 May 2022
10lacs*0.1%.Asper this 1000/- is the Tds under section 194Q.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 08 May 2022
Only base amount will be considered for Tds purposes. So GST and taxes can't be considered
SANJEEV KUMAR VERMA
(CFO)
(22 Points)
Replied 10 May 2022
Yes Amount before GST to be considered for TDS purpose
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 17 May 2022
TDS to be deducted on Rs. 10 Lacs excluding GST.
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