WORKS CONTRACT
This query is : Resolved
28 January 2010
Please tell me the circumstances where TDS (Kerala VAT) can deduct at the rate of 8 percentage.
28 January 2010
The awarder shall deduct KVAT @ 8 % from the payments made to the contractor except in cases referred below.
1) Works contract executed under the Sampurna Gramin Rozgar Yojana or the work using MP/MLA funds or Natural Calamity Relief Funds of Sarva siksha Aihiyan Funds in which the total individual contract amount does not exceed Rs.10/- lakhs.
2) In case the contractor is producing a liability certificate, the awarder has to act accordingly.
3)In case of work awarded by Kerala Government/KWA or Local authorities.
1) Works contract executed under the Sampurna Gramin Rozgar Yojana or the work using MP/MLA funds or Natural Calamity Relief Funds of Sarva siksha Aihiyan Funds in which the total individual contract amount does not exceed Rs.10/- lakhs.
2) In case the contractor is producing a liability certificate, the awarder has to act accordingly.
3)In case of work awarded by Kerala Government/KWA or Local authorities.
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