Sec 31 of mvat act

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CA SUMIT SAPRA (Querist)
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19 June 2012 OUR CLIENT TAKES SERVICES OF A WORK CONTRACTOR. IT CHARGES BASIC AMMOUNT (SAY 500000)+ SERVICE TAX (SAY 15000)+ vat (SAY 20000) TOTAL 535000/-.
NOW MY QUERY
ARE WE LIABLE TO DEDUCT WCT
IF YES THEN ON WHAT AMOUNT OUR CLIENT SHOULD DEDUCT WCT.

Dayal

Dayal (Expert)
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19 June 2012 1. The TDS provisions are applicable only to specified employers.
2. The tax is required to be deducted only in such cases, where payment to a dealer (contractor) is Rs. 5,00,000/- or more during a year.
3. There are provisions for reduced rate of deduction or no deduction certificate, granted by the Commissioner, on an application, in Form 410, made by the concerned dealer (contractor).
4. A contractor, awarding sub-contracts, is not required to deduct TDS from such sub-contractor.
5. TDS provisions are not applicable in respect of works contract liable to tax under the CST Act.

CA SUMIT SAPRA

CA SUMIT SAPRA (Querist)
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19 June 2012 Sir
I want to know specifically that whether we should deduct wct and on what amount because the work contractor has charged vat . so i Want to know that we should deduct wct at 2%.
Is it right.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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23 July 2025 https://docs.google.com/document/d/1zJBEOOBMxrWv1jMmR8iEWd2ErtwMMhnU0xAT8oNh7sg/edit?usp=sharing

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