Is vat/ wct required for educational society.
This query is : Resolved
23 May 2013
the educational society registered as a educational trust , they want to build a new campus / collage for this purpose they gave a contract to build this collage , are they required to deduct WCT while making payment to contractor under Maharashtra VAT act ? or they have to register under Maharashtra VAT Act.
MJ Krishnamurthy
(Expert)
24 May 2013
TDS from contractors is mandatory for Govt,semi govt,PSUs,and some large industries only.It is not compulsory for others....mjk
Amit Sheode
(Expert)
25 May 2013
I disagree pls see notification available at mahavat.gov.in. At Sr no 10 Societies are notified wef 30-04-12.
MJ Krishnamurthy
(Expert)
25 May 2013
Mr Sheode may be right. I gave my opinion based on the general pattern of rules. A special notification on this matter was not known to me...mjk
13 July 2013
The law is for all and yes college is also covered to deduct taxes under WCT or any other contract.
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