Calculation of tds section 194q

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
Replies (10)
Quick Summary
This discussion clarifies the calculation of Tax Deducted at Source (TDS) under Section 194Q. It explains that TDS is applicable on the purchase amount excluding GST, and is calculated at 0.1% on the portion of the aggregate annual purchase exceeding ₹50 lakhs. For the given scenario, with total purchases of ₹60 lakhs (excluding GST), the TDS is calculated on the ₹10 lakhs exceeding the threshold, resulting in a TDS amount of ₹1,000.

Noce

A's per sale
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.
10lacs*0.1%.Asper this 1000/- is the Tds under section 194Q.
You guys forget to consider gst
Only base amount will be considered for Tds purposes. So GST and taxes can't be considered

Yes Amount before GST to be considered for TDS purpose

@ Rocky

Hope your query is resolved
Thanks alot all of u sir

TDS to be deducted on Rs. 10 Lacs excluding GST.

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