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
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
