Hi everybody,
i am srinivas. We are deducting the tax(VAT) on Works Contracts and depositing with the department.
my question is whether we are eligible to claim whatever we paid as wct to the department as Input Tax under Orissa VATAct
normally we are eligible to get credt on normal purchase.
Dear Sir,
TDS can be adjusted by the person from the whom it is deducted.
IF you are a Contractee you have deducted WCT and paid to Department on behalf of Contracter, It is your duty you have to deduct WCT & remit the same in time to department otherwise you are liable for penalty as per Act., and also issue TDS (WCT) CERTIFICATE to the CONTRACTOR. IF you are contractee you can not CLAIM any input tax on WCT deducted by you at the time of making payment to contracter. IF YOU HAVE FURTHER ANY DOUBT YOU CAN CONTACT ME ON MY MOBILE 09246527173 OR send email at gsupadhyay @ sify.com ( GHANSHYAM UPADHYAY, VAT CONSULTANT,HYDERABAD, A.P.)
IF you are a Contractee you have deducted WCT and paid to Department on behalf of Contracter, It is your duty you have to deduct WCT & remit the same in time to department otherwise you are liable for penalty as per Act., and also issue TDS (WCT) CERTIFICATE to the CONTRACTOR. IF you are contractee you can not CLAIM any input tax on WCT deducted by you at the time of making payment to contracter. IF YOU HAVE FURTHER ANY DOUBT YOU CAN CONTACT ME ON MY MOBILE 09246527173 OR send email at gsupadhyay @ sify.com ( GHANSHYAM UPADHYAY, VAT CONSULTANT,HYDERABAD, A.P.)
Hi,
Myself Krishna Nand Giri raised some bills to Indus towers Ltd. for electrical works. They deducted 2% tds and 2 % WCT on full invoice value. Please tell me how can i claim wct amount which is deducted by Indus.
Hello i am Jitender Negi we are registered under Delhi sales tax & we are not registed under WCT tax we raised bill to Genpact, Gurgaon for Industrial Mats. They deducted 2% tds and 4 % WCT on full invoice value. Please tell me can i claim wct amount which is deducted by Genpact.
dear jitender
if they have deducted the 4% on the total amount it means you are working in a composition scheme then you can not claim any credit related to WCT
dear krishna
they have deducted the amount under composition scheme so u can not claim wct amount
i m registered under wb vat as vat dealer ,.. i have raised a bll to L& T but they have deducted 2% as wct and TDS 1 % on full value of invoice .. please let me know how to treat this wct.. wheater it will be treated as input . or if any unclaimed amount left . do i claim for refund if yes then lease let me the format for application ..
Sir i'm Raj kr
my question is we can enter TDS entry 31.03.14 if any my party do the payment in april deduct tds
so we can take provision in 2013 -14
pls help me...
Raj kumar
CAclubindia
