One of my clint having registration under APVAT rules & he has also CST registration. He executed some work in Chennai Region, its a Works contract. My clint not applied for any registration in Chennai because it is one time job. The contractor having TVAT registration but he is not providing any C-Form. Whats the TDS rate applicable under WCT. How much my clint liable to pay TDS. Pls, clarify regarding this on urgency basis.
14 Replies
(Guest)
Works contract value Rs. 40,000/- involve supply of materials clearly stated in bill for Rs.8000/- & labour inclusive of small material supply for Rs.32000/-
As auditor, can it be suggested the following'
VAT at source @ 4% on material value of RS. 8000/- since supplier is unregistered dealer & TDS @ 2.06% U/S 194-C on Rs.32000/-
Please submit valued opinion.
Ajay Jain
(Advocate)
(83 Points)
Replied 05 November 2007
HI MR. NAGESWAR RAO
well, firstly yours client should be registered himself in that place where works contract carried on because if he registered only then he will able to get C Form from contractor.
m giving u a link of all states VAT Act from where u can get the information
firstly u log on www. haryanatax .com
then u will find there TINSXYS Link
open it and u will get all states VAT ACT and Rules
well, firstly yours client should be registered himself in that place where works contract carried on because if he registered only then he will able to get C Form from contractor.
m giving u a link of all states VAT Act from where u can get the information
firstly u log on www. haryanatax .com
then u will find there TINSXYS Link
open it and u will get all states VAT ACT and Rules
Adv. S Sharma
(Lawyer)
(574 Points)
Replied 07 August 2008
hi (for some security reason I used to do work on this site as Ajay Jain, but in reality I am Sachin)
it depends what type of work contract it is ???????/
(i)Civil works contract--two per cent of the total contract
value of the civil works executed;
(ii) Civil maintenance works contract--two per cent of the total contract
value of the maintenance works*xecuted;
(iii) All other works contracts--four per cent of the total contract
value of the works executed.
Where any works contract involves more than one item of work (civil, maintenance or other), the rate of tax shall be determined separately for each such item of work.
I hope position is clear
(Guest)
Please advice wchih procediour is correct,
Basic Bill Value is Rs - 55273.80
Add Service tax @ 12.36% is Rs - 6831.84
Total 62106.00
Now I fuirst deducted TDSon contractor @ 2.06% - Rs - 1279/-
And Retention @ 10% on Basic - Is Rs - 5527/-,
Net Payble is - Rs - (62106-1279-5528) = 55299/-.
Now My Q. is
we are deducting TDS Under WCT @ 4% on Rs - 55299/-
or
we are deducting TDS Under WCT @ 4% on Rs - 56578/- (i.e - 55299/-+TDS - 1279/-)
Please advice
(Guest)
| Originally posted by :nageswararao | ||
| " | One of my clint having registration under APVAT rules & he has also CST registration. He executed some work in Chennai Region, its a Works contract. My clint not applied for any registration in Chennai because it is one time job. The contractor having TVAT registration but he is not providing any C-Form. Whats the TDS rate applicable under WCT. How much my clint liable to pay TDS. Pls, clarify regarding this on urgency basis. | " |
(Guest)
Please advice wchih procediour is correct,
Basic Bill Value is Rs - 55273.80
Add Service tax @ 12.36% is Rs - 6831.84
Total 62106.00
Now I fuirst deducted TDSon contractor @ 2.06% - Rs - 1279/-
And Retention @ 10% on Basic - Is Rs - 5527/-,
Net Payble is - Rs - (62106-1279-5528) = 55299/-.
Now My Q. is
we are deducting TDS Under WCT @ 4% on Rs - 55299/-
or
we are deducting TDS Under WCT @ 4% on Rs - 56578/- (i.e - 55299/-+TDS - 1279/-)
Please advice
Avinash
(Accountant)
(21 Points)
Replied 25 August 2011
Dear Sirs,
Can any one give me web site link where I can get details of Limits for State-wise TDS on WCT, TDS Certificate nos./formats, Rates of TDS on WDC (All details State-wise) OR If there is any single recknor giving all these details ???
You can send me your reply on : avinash7g @ gmail.com
With warm regards
Avinash
saravanan
(Senior Executive - Finance)
(22 Points)
Replied 02 October 2011
Hi All,
Please clarify the below query.
I have received the bill from supplier for renovation works of building it contain both supply & services based on part work completed,still yet to complete remaining work.
As payment terms in PO & contract is milestones basis and single PO & contract issued for both work.
Now the supplier claim milestone payment both supply & services, the bill shown tax of VAT & SVT.
My query is before pay to supplier will deducted WCT-TDS and TDS total value of bill?
Kindly give ur explaination ,if possible provide the act link to get more clarity.
Thanks
BR//
saravanan
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