About vat tds
This query is : Resolved
28 May 2015
what is vat tds how it applicable to retailer
29 May 2015
VAT TDS MEANS THE TDS DEDUCTED FOR THE LABOUR WORK.IT IS APPLICABLE TO THE WORKS CONTRACTOR WORK.EXAMPLE TO THE INDUSTRIES OR MANUFACTURING UNITS
11 July 2015
DEAR SOMSHEKAR VAT TDS MEANS THE WCT (WORK CONTRACT TAX).
IT IS APPLICABLE ON SUCH TRANSACTION WHERE ASSESSEE CAN NOT IDENTIFY THE LABOUR AND MATERIAL PART IN SALES INVOICE EXAMPLE : CONTRACTOR FOR CONSTRUCTION OF BUILIDNG ETC. WHER YOU CAN NOT IDENTIFY THE WHAT AMT OF LABOUR AND MATERIAL USE TO COMPLETE RESPECTIVE UNITS .
IT IS APPLICABLE TO BE DEDUCTED WHEN TRANSACTION RESPECTIVE TO THAT ACTIVATY RS. 5LAKH OR ABOVE. WHICH CAN BE CLAIM AS INPUT UNDER VAT LIABILITY.
I THINK ITS CLEAR YOUR DOUBT.
REGARDS
SANDEEP JADHAV
IT IS APPLICABLE ON SUCH TRANSACTION WHERE ASSESSEE CAN NOT IDENTIFY THE LABOUR AND MATERIAL PART IN SALES INVOICE EXAMPLE : CONTRACTOR FOR CONSTRUCTION OF BUILIDNG ETC. WHER YOU CAN NOT IDENTIFY THE WHAT AMT OF LABOUR AND MATERIAL USE TO COMPLETE RESPECTIVE UNITS .
IT IS APPLICABLE TO BE DEDUCTED WHEN TRANSACTION RESPECTIVE TO THAT ACTIVATY RS. 5LAKH OR ABOVE. WHICH CAN BE CLAIM AS INPUT UNDER VAT LIABILITY.
I THINK ITS CLEAR YOUR DOUBT.
REGARDS
SANDEEP JADHAV
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
