want to know, whether TDS on WCT needs to be decucted, if contractor is charging CST in his bill.
3 Replies
Purvesh G. Ganatra
(Tax Advocate)
(258 Points)
Replied 15 August 2009
As per provision of Clause II of Subsection (g) of Section (2) of CST Act the transfer of property in goods is a sale.
Hence when the work contract is Interstate in that case the transaction is WCT & Tax Shall be charged CST But as per provision of State Law, the contract price fall under specified sale price the TDS WCT should be deducted.
Ganatra
M- 9879604669.
PRAVIN
(JR.ACCT)
(28 Points)
Replied 25 January 2010
I want to know whether TDS on WCT deducted on Advance payment ? while it consider as part of contract? or give some other possibilities regarading this issue?
PRASUN RAY
(boss)
(27 Points)
Replied 29 July 2011
NO, WCT TDS NOT TO BE DEDUCTED ON ADVANCE AS THERE IS NO TRANSFER OF PROPERTY IN ADVANCE PAYMANT.
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