Prashant Kulkarni (Accountant) (25 Points)
16 July 2016I am going to supply & installation of machinery in Bhubneshwar. I have registration under Maharashtra VAT ACt.
Party is going to deduct WCT TDS & Income Tax TDS.I have charged 2 % cst against C Form & service Tax also.
My Question is can i get WCT beinefit in maharashtra for VAT or CAn i get benefit of WCT in CST payable.
Please suggest
Regards
Prashant
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 16 July 2016
The WCT are of two types i.e.within Orissa and CST. If you carry all the required materials from Mumbai and do the installation only in Bhubaneshwar then it becomes an Interstate WCT.only CST is chargeable by you ,of course @ 2% against 'C' form from the buyer of machinery. If no'C' form full VAT of Maharashtra. In case of Interstate WCT the Orissa party should not deduct WCT TDS,because that money goes to the Odisha govt.That benifit will not be available in Maharashtra.So,you will be the loser of TDS amount.While adjusting the TDS payment to govt has to be verified.If you are buying some material in Bhubaneshwar for this installation and supply of machinery,then, you will have to register under Odisha VAT Act,submit returns,and adjust the TDS also.......mjk
Prashant Kulkarni
(Accountant)
(25 Points)
Replied 18 July 2016
Thank you sir,
came to result in my decision
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