TDS WORKING SHEET
Purchase of goods, section 194Q
1BUYER AND SELLER
Buyer: Ironline Fabricators Pvt Ltd, TAN BLRI12345A
Seller: Steelmart Traders, PAN AAACS1234F
2PURCHASES SO FAR
Paid or credited this year before this bill: INR 40,00,000
3NEW INVOICE
Invoice SM/26/0912: INR 20,00,000
GST shown separately and not in the base
4THRESHOLD TEST
Cumulative: INR 60,00,000
Threshold: INR 50,00,000
Excess: INR 10,00,000
5RATE
0.1 percent, PAN available
6TDS TO DEDUCT
INR 10,00,000 x 0.1 percent = INR 1,000
7PAYMENT AND DEPOSIT
Pay INR 19,99,000 plus GST
Deposit by the 7th of next month
Sample for illustration. Company names, numbers, tax registrations and bank details are fictional.