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Works Contract Tax (VAT)
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Himanshu Girotra ( Author ) 06 March 2010	Please share your views that whether the Works Contract Tax is to be deducted at the time of Making Provision in the books of accounts or at the time of actual payment made to a service provider. Himanshu Girotra


CA Umesh Sharma ( Expert ) 07 March 2010	As per Section 31 of MVAT Act, it shall be deducted on payment or credit which ever is earlier.


Himanshu Girotra ( Author ) 07 March 2010	Mr Sharma Thanks for your Reply , HImanshu Girotra AGM- Finance Tata Motors Ltd Lucknow Works


Arun Saboo ( Expert ) 10 March 2010	at the time of payment as per GVAT act.



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