Works contract tax

This query is : Resolved 

10 November 2010 Sir our company based on faridabad (Haryana) now want to construct a new factory and gave a contract to a builder for construcion with material. i want to knpw the wCT formalities. how much to deduct, how to deposit, can we adjust with input vat.

please reply soon.

10 November 2010 you have to obtain to Tanunder hvat and deduct tax at appropriate rate . deposit tds with in 15 days and issue tds vat certificate.

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