Applicable of wct/tds on vat act

TRILOCHAN (SENIOR ACCOUNTANT) (698 Points)

06 September 2011  

Dear All.


Please confirm me, We are a exporter and we are registered under DVAT Act, and filed the return regularly. During F.Y.2010 -2011 we have converted some capital assets to Stock in trade(  Land & Building) and started renovate the building to residential appartment from factory through Contractor,

  • The contractor provides all meterial & Labour only issue bill on us .
  • We deduct TDS  @ 1% of the income Tax Act( applicable on him)
  • MY doubt is whether WCT/TDS Under Vat act accplicable on us and if Yes what is the procedure
  • Please suggest me
    .