11 May 2014
As a company we are paying for repairs/ modifications, AMC services to our vendors in chandigarh, haryana and punjab state. Currently we are not registered under vat in any of these states. Having following queries 1. Do we required to deduct wct tds 2. If yes what are d requirements/ provisions
11 May 2014
Yes, you need to deduct TDS under any VAT Act when there is a deemed sale by contractor to contractee except in few States like in Karnataka, presently TDS is applicable to Govt. and Government authorities but not to private contractees.
Thanks for your inputs. Further required clarifcaiton that do we required to take TIN no/TAN no under VAT act for TDS deduction. What is the process for obtaining the same.
CAclubindia
