IF WE PURCHASE FLEX AND SUPPLIERS PRODUCE BILL & CHARGED 4%
VAT THEN WHAT WILL BE TDS STATUS.
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Answer / Rupesh Kumar
If the purchase is a business-to-business (B2B) transaction and the total invoice value exceeds Rs 2.5 lakh, then the supplier will be required to deduct Tax Deducted at Source (TDS) at the rate of 1% if GST registration is not provided by the buyer. In this case, since the VAT charged is 4%, which is above the TDS rate, it's possible that the seller has already paid the applicable taxes and there would be no TDS involved.
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