I'm a Registered Dealer in Maharashtra. I get Works Contract done from another Regd Dealer in Maharashtra. Now, I want to deduct TDS @ 2% since the value of WC >5 lacs.
1) Do I have to register for a Tax Deduction No. like we have TAN no. in Income Tax? Or should I use my MVAT no. itself? Or should I use TAN no. from Income Tax for this purpose.
2) Is there a way to check details of TDS online like we have Form 26AS in Income Tax?
3) What about TDS returns in MVAT? Is there any concept like that or do we just have to give details of the same in our MVAT return? If we have to file TDS returns, will I have to file them quarterly just lke Income Tax? Which form no.?
08 June 2012
hi, in the given case there is no requirement of Tax deduction No. Dealer has to use MVAT TIN No. and dealer has to file physically MVAT TDS Return in Form 405 Annually by 30th June from end of the Financial year.
If a party of mine has deducted TDS from my payment and I want to check online(like we do in Form 26AS for Income Tax related TDS) is there a way for that in Maharashtra VAT?
CAclubindia
