TDS on Purchase and Sale | TDS on Purchase vs TCS on Sale | Section 194Q |206C(1H) | Tax on Purchase
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- čas přidán 5. 05. 2024
- Section 194Q - TDS on Purchase and Section 206C(1H) - TCS on Sale
If you are a business man and making sale of Goods and Purchase of Goods then you must watch this video to know when TDS on Purchase applicable and when TCS on Sale applicable
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Excellent mam
Thanks For Sharing Latest Updates 👍👌
Great explanation mam🎉 you're great
Mam please define turnover definition I mean turnover includes gst element???
Govt supply me payment late me milta hai to use GSTR-3B kis month show kare ??
Mam ye include GST par deduct hoga ya exclude par
Please give a example with numbers , whether we have to deduct tds on taxable value exceeding 50lacs and then we have to charge gst ?
Thanks for sharing ... kindly inform if sellers collect over 50 lakh payment but not generated the bill on the same year who is responsible to deduct tds/tcs and which section then applied?
If we purchase a scrap,
Both parties preceding f.y.turnover more than 10 cr, TCS already applicable on tax invoice, then need to deduct TDS on purchase of scrap goods?
Mam agar ek party ka tds 194Q me 50L ke bad tds cut Kiya fir uske next f.y me usi party ko 50L ka limi milega ya 1st bills tds deduct karna padega
Tds quarterly tally mei form 26Q se kaise tds book kre ?? Entry
❤
Mam mera previous year 10 cr. + H tax free item h
Mera sale all B2C h un pan ka
Mujhe 24-25 m TCS kese katenge
Agar previous fy ka turnover 10 cr se kam hai aur current fy ka 10 cr se upar hai
To tcs tds applicable kab se hoga ?
Chalu fy ka bhi applicable hoga kya?
Mem tds purchase or sale dono par lga hai kaya
194Q for Taxable value has been deducted paid yaa including in the invoice values 194Q TDS
Taxable value
March 22 me sales 12 cr thi, f.y 22-23 me tcs applicable ho gya lekin march 23 me 7 cr ho gyi fir bhi tcs charge karna padega gya f.y 24-25 me ?
Please help kisi ne mere GSTN par e way bill generate kr Diya hai aur 72 hours se jyada ho gya hai to ab kya kre
Mam iska entry tally me kaise karna hoga mai seller hu to
Mam tcs on sale total sale bill pe collect karna he ya sale minus sales return pe
Tcs on sale purchaser ke books me kis head ke under hoga aur TDS on purchase seller ke books me kis head ke under aayega
Please elaborate loan and advance
Duties and taxes for these terms in both books seller and purchaser
Actually who is liable to collect tcs and who is liable to pay tds please clearify mam 1st who is
Kon kon time pass ke liye dekh raha hai 😂
Tds on pur is ok, is tcs compulsory?
TDS AND TCS WILL BE CALCULATED AFTER GST?
Agar seller pahle hi TCS deducte kr Chuka h on bill to kya buyer TDC deducte krega ?????
Thanks mam.
Kya TDS and CCS under GST bhi hota hai.
yes
My client deals in coal business which section should we prefer first 194q or 206C(1)
206C(1)
Will be deducted or collected on taxable value or invoice value?
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norma itr 1 mein new tax regime mein agar abhi itr bharta hoon to baad mein aage ke return old regime mein bhar sakta hoon kya
Aapko ek bar doosre mein switch karne ki option hai
Mam
TCS section 206cr
After 3 months we see the tds applicable, on which amt tds applicable, exces of 50 lac or on gross total
Deduct after the amount of 50 lakh
Means if the total value of purchase after three months is 5500000/- then deduct TDS on Rs 500000/- @ .10%
After deduction of TCS or TDS in year then next f/y year this will be continue
If the vendor crosses the 50 lakh limit in the next F. Y then started to deduct TDS under section 194 Q on the above of 50 lakh rupees
If we have Tds deduct on sec 197q in previous year up to march and next f.y is continue Tds dedication from April or wait after deducting above 50 laks then dedication start
Wait for the crossing of the threshold limit of Rs. 50 Lakh then start to deduct TDS
@@Gautam.1989thanks
Madamji,TCS invoices se hi collect karni hai ya debit note se ho sakti hai ?
U can collect from dn also subject to consideration relealisation
TCS/TDS every year deduct kiya Jayega ya fir every year 50 lakh ki limit cross hone ke bad deduct kiya jayega
Year to year
50lakh previous year ka dekhana hai n current year ka purchase
Year to year
Ya amount taxable pa lagega ya total amount pa lagega
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Mam, Purchase Ke Invoice Par Tcs Cut kiya hai, to kya Phir bhi Tds cut karana Jaruri hai ?
No
Mam course mai aap pdf provide krte ho ya fr video
Both
@@CAGuruJi mam mne abhi course buy Kiya h isme pdf ayi h video baad m milegi?
@@sunnysharma-ud7xj From where you bought, call at 9150010400
humara jo tcs seller ne kata h us tcs ko hum claim kr skte h kya
Yes in your itr
@@CAGuruJi thanku mam
Ye 50 lakh with gst h kya mam
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Hi madam Iam win 1st prize car from grt jewellers car value 9,89,999 I paid tds 3,08,880 to grt jewellers, my income is 2,40,000 what is tax payable for me
Make your Computation on Income
if I file IT how much amount refund
Ma'am thank you so much for in depth knowledge....please tell me if I hv deducted my client tds u/s 194Q in fy 23-24 then should I continue deducting tds in fy 24-25 or 24-25 mai bhi 50lakhs ka limit cross hone pr deducted kr na hai ...please clear this doubt also please clear this same doubt for other sections also like 194h
Check limit each year
Agar salar tcs kat raha hai to kya purchaser bhi tds katega? Dono hi ki turnover 10 crore se upar hai ro.
First tds on purchase applicable hoga
Mam is point ko thoda clear ki jiye please
Agar party nai tcs kata hai toh hm tds nhi kat skte
Hmko bhi tcs hi katna padega
If both parties turn over is more than 10 crore in preceding fy then primarily buyer will deduct tds us 194Q and if buyer is not deducted tds then seller will collect TCS us 206 c 1h but in any situation either buyer or seller only one person will deduct tds or collect TCS
Fast learning 😂
Mam 2023-24 50 lakh ke bad. kisi party ka hum Tds kata tha
F.Y. 2024-25 me us party first bill par Tds katenge ya 50 lakh cross karne ke bad
After 50 lakhs cross