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WORKS CONTRACT

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sanish p balan

sanish p balan (Querist)

28 January 2010 Please tell me the circumstances where TDS (Kerala VAT) can deduct at the rate of 8 percentage.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

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.

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