TDS or Tax Deducted at Source is a mechanism implemented by the government to ensure timely tax collection. When you acquire goods or services from a supplier, you may be required to deduct a certain percentage of the payment as TDS and remit it to the government authorities. The TDS rate varies depending on the kind of goods or services bought.

When procuring goods, it's crucial to understand the implications of TDS (Tax Deducted at Source). TDS is a mechanism where purchasers are required to deduct a certain percentage of the payment as tax and deposit it to the government on behalf of the seller. This system applies to various goods, and the TDS rate fluctuates based on factors like the