About vat tds

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Somshekar Bellad

Somshekar Bellad (Querist)

28 May 2015 what is vat tds how it applicable to retailer

Adv. Kiran Marathe

Adv. Kiran Marathe (Expert)

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

Sandeep Jadhav

Sandeep Jadhav (Expert)

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

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