wct

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jay arya......... (Querist)
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27 January 2010 hello sir

i am work contractor in composition scheme,for the 3rd qtr my sale tax deatls as under

contract receipts =7,50,000
Tax payable @3%= 225000

TDS (WCT) =165000
Balance tax deposit= 60000

But, we found that one party did not deposit tds (WCT) for Rs, 120000. part says that due to funding problem he will deposit after some days

but i have to filed my Dvat return so plz tell me what i can do ,last date of return 28 january .

thanks

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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27 January 2010 Credit of tds not deposited by the party is not admissiable to you . Refer Form Dvat -43 of Dvat-04 . according to DVAT-43, receipted challan is must for geeting tax credit .

Vishnu Saboo

Vishnu Saboo (Expert)
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28 January 2010 i think you must diposit your total liability i.e. 1.8 lakh, and subsequently you can take credit of WTDS, when party provides you certificate along with challan.

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