Work contract tax.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2012
My deptt. being a central govt. deptt. get their feild activities like construction of drifts, drilling etc. and other engg. works. Is work contract tax is deductible from the contractor's bill besides tds under section 194-c ? If yes, what are the rates for f.y. 2010-11 ? what are the other requirements like TAN etc for deposit of wct in govt. account?
Please suggest.
Please suggest.
22 March 2012
Mr Author
Yes,work contract tax i.e.VAT is deductible from the bill payments by the Central govt organisations.It is generally 4% of the total amount,or the actual liability rate specified by the contractor
and permitted by the Department. The contractor should be registered under VAT Act of respective state and his TIN # should be quoted. A certificate of TDS made is also to be issued.....MJK
Yes,work contract tax i.e.VAT is deductible from the bill payments by the Central govt organisations.It is generally 4% of the total amount,or the actual liability rate specified by the contractor
and permitted by the Department. The contractor should be registered under VAT Act of respective state and his TIN # should be quoted. A certificate of TDS made is also to be issued.....MJK
23 March 2012
Expert has given the correct advise and reply please go with him
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GST Annual Returns filing due date
- Regarding Form 15CA & CB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
