Query is related to deduction from purchase bills
eg.
Purchase Basic Rs. 1000
GST @ 5% Rs. 50
Total Invoice Value Rs. 1050/-
As per section 194Q, I supposed, to deduct TDS @ 0.10% on Rs. 1000/- i.e.. Rs. 1/-
But, if the supplier is requested for early payment discount i.e. cash discount, and we deduct some amount e.g.
Purchase Basic 1000
GST 50
Less Cash Discount -20
Total Payable Rs. 1030/-
In this respect, TDS should be deducted on Rs, 1000/- or Rs. 980 (Rs. 1000 - discount 20%)
Thanks in advance