©) Vandana Global Leading the New Dear Valued Business Partner, Sub: Turnover Confirmation - FY 2020-21- for levy of TDS u/s 194Q of Income Tax Act on Purchases of Goods As you are aware, w.e.f. 01.10.2020 the Finance Act, 2020 has introduced Section 206C (1H) for levy of Tax collection at source (TCS) on sale of goods. During current year, the finance act, 2021 has introduced section 194Q to provide for deduction of tax (TDS) by a buyer from the purchase of goods with effect from 1* July 2021. Relevant Provisions of which are provided as under for ready reference: 1. As per section 194Q of the income tax act. 1961, any person, being a buyer who is responsible for paying any sum of any resident for purchase of any goods of the value or aggregate of such value exceeding Rs. 50 lacs in previous year, shall at the time of credit of such sum to the account of the seller or at the time of payment thereof . by any mode, whichever is earlier, deduct an amount equal to 0.1% of such sum exceeding Rs. 50 lacs as income-tax (TDS). 2. Buyer means a person whose total sales, gross receipts or turnover from the business carried on by him exceed Rs.10 crores during the financial year immediately preceding the financial year in which the purchase of goods is carried out. 3. Further it is also clarified that where provisions of both TCS on sale of goods u/s 206(1H) and TDS on purchase of Goods u/s 194Q are applicable, provisions of TDS u/s 194Q shall prevail. Accordingly, we would like to inform you that the "Buyer" has the main obligation to deduct the tax on such purchases. If yes, then kindly provide us your Declaration / Confirmation as per format attached herewith following by O5th July 2021 to make necessary updating in our accounting system. Please also note, on receipt of above confirmation/declaration, we shall charge TCS on the sale invoice with effect from 5* july 2021. (_ ) Registered office Flat No. 602, Poonams Apartment, N.S. Road N JMO Scheme, Juhu Vile Paro (West), Mi E: mumbai@vandanaglabal.co 11, Plot No. bai 400 049 ttt @e0 @00 ) Works Phase-t,Siltara Industria Area, Stara, Raipur - 493 111, Chhattisgarh, Iidia 7: +91,771 4235555, F: +91 771 4236515, E: works@vandanaglobal.com NMreekon nen FEROTON ee@) Vandana Global Leading the New However, in absence of the above confirmation/declaration we shall take this as an acceptance of said provision for TDS on Purchase of goods are not applicable at your end and we shall continue to levy TCS on the sale invoices u/s 206C(1H). Further, We, Vandana Global Limited hereby declare that we have filed our Income Tax Return for the Assessment Years 2019-20 and 2020-21 as per Information given hereunder: AX. Date of Filing return Acknowledgement No. 2019-20 29-11-2019 7 264395081291119 2020-21 04-02-2021 258457441140221 Hence, we request you to deduct the TDS using normal TDS rates only PAN of Vandana Global Limited is - AAACV2018E TAN of Vandana Global Limited is - MUMV13026G Thanking you, Yours truly, For, Vandana Global Limit; Date: - 29.06.2021 Place: ~ Raipur, Chhattisgarh Registered Office Flat No, 602, Poonams Apartment, NS. Road No. 11, Plot No. 23 Ree AMD Scheme, Juhu Vile Parle (West), Mumbai - 400 049 = E: mumbai@vandanaglobal.com () Works: Phase-l Sitara Industrial Area, Sitar, Ralpur - 493 111, Chhattisgarh, India 1: +9171 4235555, F: +91 771 4296616, pdanaglobal.com eee FEROTON