Tds deduction matter on wct

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 WE HIRED A DG SET UNDER RIGHT TO USE RULE.THEN SIR PARTY ADD (WCT)@ 4%(UTTARAKHAND) IN THEIR BILL.THEN SIR I WANT TO KNOW ONLY THAT IN WHICH AMOUNT I WAIL DEDUCT TDS ON HIS BILL .
BILL AMOUNT = 36000
WCT @4%(UTTARAKHAND) = 1440
TOTAL = 37440
THEN SIR IN WHICH AMOUNT I WILL DEDUCT TDS
36000 OR 37440. AND SIR WHAT WILL RATE OF TDS U/S 194I @2%????
THANKS

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 First ask the party why they are charging VAT in this transaction

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Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 sir party vat charging vat under right to use policy in uttarakhand

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 is that allowed in uttarakhand... and if party is allowed to charge VAT... then why TDS is coming in between this... because VAT is charged on goods sold.. and TDS is deducted on services..

both are quite different na...

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Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 sir this is wct and i read that tds on wct is applicable.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 yes but this is trully a new case for me,... as in our state such seen is not allowed to charge wct in bills...

wct is deducted by the purchasing party...

anywz just provide me a link of your state vat site... i wil surely love to read this and then wil let u know the conclusion

TDS is not deducted on Servie tax amount..

hence in your case tds wil b deducted on full amount then... t

this reply is after considering ur points that in ur state charging wct is allowed

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Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 sir tds will deducted @2% or wct rate

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 sir tds will deducted @2% or wct rate

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Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 http://taxguru.in/goods-and-service-tax/uttarakhand-vat-tips-assessment-year-20132014.html
sir this is link please read in serial no. 4 of work contracts. and please tell me that what is the tds rate for deduct

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 yes tds wil b @ 2 % as 194 I

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 you not getting me exactly...

i just wanted to say that party need not to charge this so called wct in bill.. its ur duty to deduct that wct from the bill amount...

and as i m seeing the above link.. the same is written in that

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 Similarly you have to deduct TDS under Vat on payment against transfer of right to use any goods for any purpose @ 4% -

IS SAYING THAT TDS DEDUCT @ 4%

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CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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22 April 2015 it is not TDS it is WCT @ 4 % dear

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 BUT SIR IN ARTICLE WROTE TDS DEDUCT NOT WCT DEDUCT BUT TDS RATE IS 2%. AND WCT RATE IS 4 %.

Querist : Anonymous

Querist : Anonymous (Querist)

22 April 2015 BUT SIR PARTY ADD VAT @ 4% IN THEIR BILL

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Querist : Anonymous