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TDS u/s 194Q on putchase of goods through agent
Applicability of TDS u/s 194Q on sale of goods through consignment agent under the below circumstances -
1. Principal sends goods to consignment agent with zero value tax invoice but charging GST amount
2. Consignment agent sends goods by raising tax invoice declaring "ABC is
Consignment agent of XXXX"
3. Consignment agent collects payment from customer in his (consignment agent) bank account and transfers to principal after deduction of applicable commission.
Now how 194Q will be deducted by the customer from principal or from agent?

By: SOUNIK MUKHERJEE



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28 Apr

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GSTR-11 for the m/o Mar 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

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GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

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Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2024 (Rule 61A)