Vikas Nigam Limited (a Public Sector Undertaking) has placed an order to Bharti Steels registered in Bokaro, Orissa for supply of 70 Iron shields…

CA Intermediate · Taxation · MTP · January 2025
Vikas Nigam Limited (a Public Sector Undertaking) has placed an order to Bharti Steels registered in Bokaro, Orissa for supply of 70 Iron shields each costing - 12000 (exclusive of GST). However, the supply will take place in 3 lots containing 10 shields, 20 shields, 40 shields on different days. Determine whether tax is required to be deducted under GST law by Vikas Nigam Limited on the above order?
(A) No TDS will be deducted
(B) TDS to be deducted on the third lot of 40 shields only as value exceeds - 2,50,000
(C) TDS to be deducted on entire order of 70 shields
(D) TDS to be deducted on supply of 2nd order of 20 shields

Suggested Answer and Working Notes:

Correct Answer: Option (C)

TDS to be deducted on entire order of 70 shields

Topics: Paper 3A: Income Tax Laws

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic