TDS 194Q on Electricity
kiran (accountant) (444 Points)
29 April 2022
TDS applicable on Electricity expenses.
16 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 29 April 2022
Electricity is not a good . So 194Q is not applicable
sabyasachi mukherjee
(27719 Points)
Replied 30 April 2022
The logic electricity is not a good is not correct.
Tds on electricity is not applicable.
Tds on electricity is not applicable.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 30 April 2022
194Q is on sale of goods only ..First read what is 194Q
sabyasachi mukherjee
(27719 Points)
Replied 30 April 2022
You hv missed two points
1. sec 194q is applicable on purchase of goods in a financial year more than 50 lacs @ 0.1%, the querist has not mentioned the threshold limit and electricity is an utility payment. So you are mistaken.
1. sec 194q is applicable on purchase of goods in a financial year more than 50 lacs @ 0.1%, the querist has not mentioned the threshold limit and electricity is an utility payment. So you are mistaken.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 30 April 2022
Check my first answer .You have misunderstood and roaming around GST instead of Tds
sabyasachi mukherjee
(27719 Points)
Replied 01 May 2022
Check my first answer . do not roam around gst.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 01 May 2022
Understand the section first ..194Q is not applicable on Electricity Expenses
kiran
(accountant)
(444 Points)
Replied 01 May 2022
But we deduct TDS as per instruction by Electricity company they mention on bill deduct TDS section 194Q 0.1%
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 01 May 2022
If both are agreed and is part of audit query then support it with caseslaws
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 04 May 2022
One must support it with judgements of DTL
Mukesh Katara
(Account manager)
(533 Points)
Replied 12 May 2022
If Electricity Supply by Private Company than TDS applicable under section 194-q other wise note please read Government clarifications in month of Nov 2021
Mukesh Katara
(Account manager)
(533 Points)
Replied 13 May 2022
Can you please share Judgement reference number
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