Tdsvat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2012
Can you pls explain me what is tdsvat
17 February 2012
THE CONCEPT IS SIMILAR TO TDS UNDER INCOME TAX ACT. PURCHASER SHALL DEDUCT A CERTAIN AMOUNT FROM THE AMOUNT PAYABLE TO THE SELLER AS TDS AND DEPOSIT THE SAME WITH THE VAT DEPARTMENT.. THE SAME IS LIMITED TO GOVERNEMENT PAYMENTS AND CATERING CONTRACTS UNDER VAT (KARANTAKA VAT)
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