Circular No 20/2021 CBDT
Dated 25.11.2021
The Central Board of Direct Taxes (CBDT) has issued another set of guidelines for removing certain difficulties in implementing the provisions of TDS and TCS under sections 194-O, 194Q & 206C(1H). The board has clarified that no TDS u/s 194-O is required on e-auction services. Further, following treatment of GST, TDS u/s 194Q shall not be deducted on the component of VAT, excise duty, etc., if the same is indicated separately in the invoice.