Section 9a of kvat, 2003 applicability........reg
This query is : Resolved
Rajesh Kumar Loya
(Querist)
22 August 2013
Sir,
1
[9-A. Deduction of tax at source (in case of works contract).-
(1)
Notwithstanding anything contained in this Act, the Central Government, or
any State Government, or an industrial, commercial or trading undertaking
of the Central Government or of any State, or any such undertaking in joint
sector or any other industrial, commercial or trading undertaking or any
other person or body as may be notified by the Commissioner from time to
time or a local authority or a statutory body, shall deduct out of the amounts
payable by them to a dealer in respect of any works contract executed for
them in the State, an amount equivalent to the tax payable by such dealer
under the Act.
My Queery is whether it applies to Limited Company engaged in construction business.
1
[9-A. Deduction of tax at source (in case of works contract).-
(1)
Notwithstanding anything contained in this Act, the Central Government, or
any State Government, or an industrial, commercial or trading undertaking
of the Central Government or of any State, or any such undertaking in joint
sector or any other industrial, commercial or trading undertaking or any
other person or body as may be notified by the Commissioner from time to
time or a local authority or a statutory body, shall deduct out of the amounts
payable by them to a dealer in respect of any works contract executed for
them in the State, an amount equivalent to the tax payable by such dealer
under the Act.
My Queery is whether it applies to Limited Company engaged in construction business.
CA. RAVIKUMAR
(Expert)
23 August 2013
No,
public limited companies are not covered hence No need to deduct the TDS under VAT
public limited companies are not covered hence No need to deduct the TDS under VAT
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