Vat tds

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Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 What is Vat tds ????? When it is applicable????? Pls explain ASAP.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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11 April 2016 VAT-TDS applies in the case of works Contact and other
contact: Contractee shall be the eligible person for VAT TDS
deductor and he shall deduct TDS at the rate prescribed in
the State Statue.

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2016 What is the purpose of deducting Such VAT TDS and on which amount it shall be deducted?

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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11 April 2016 you have to apply for deduction no in prescribed form of your state vat rules . It is majorly taken for contractual work or work contract service where main contractor collect tds vat from sub contractor and deposit it by challan of vat and shown deduction in their vat return and paid excess amount over tds deduction as liability.