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Whether MVAT TDS is transferable ?

  Gopal Navandar    29 August 2014 at 10:37

Whether MVAT TDS credit can be transferred in favour of Sub contractor?-Guiding sections are sec. 31(4) and Sec.45(4) of MVAT ACT., rule 50, Form 406, 407,408,409.- Unlike Income tax, TDS under MVAT is single point, hence intention of legislature is