Section-194Q | TDS on Purchase of Goods | CBDT Clarification
Section-194Q (Tax Deducted at Source (TDS) On Purchase of Goods)-In this article we will know what clarification CBDT provide on the same? 1) Clarification on TDS under section-194Q on GST Component involved in Purchases TCS under section -206C (1H) was collected on Consideration received inclusive of GST since TCS Collection event under this section is “Receipt of Payment”. However for TDS under section -194Q TDS Deduction event is Credit of… Read More »Section-194Q | TDS on Purchase of Goods | CBDT Clarification