Vat for sub contrator under works contract

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This query is : Resolved

Neelesh (Querist)

25 December 2012 I have taken subcontract of Indian oil corp work from main contractor.Main contractor has made my payment after deducting his VAT @ 4%(As IOCL deducting 4% VAT while releasing the payment).Now the dept sent notice to me to pay VAT on the amount I received.I am in Karnataka
Please help to how to go further

Thanks
Neelesh Kulkarni

UMESH KUMAR PANDEY

UMESH KUMAR PANDEY (Expert)

26 December 2012 Mr. Dear,
Please collect your challans which have been deposited by your main contractor and submit to the department along with revised return.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)

27 December 2012 Mr Neelesh,
You have to declare your turnover in the returns and pay tax as per rules. The tax deducted TDS can be adjusted against the tax payble and refund can be claimed if exces is deducted. You have to get TDS certificates in Form 156 from main contractor and file those copies to the department along with returns.....MJK

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