Its Urgent

Dear Abhijeet,

Following are the provisions relating to WCT in MVAT:-

1                    Intimation to Dept. regarding works contract:-   No Specific Provision

2                    Liability to deduct the TDS:-  If the contract value exceeds Rs. 5 Lacs.

3                    Rate of WCT TDS:-  Registerd Dealer : 2%; Un Registered Dealer: 4%

4                    To be deposited within :- Return cum Challan in Form 405, within 21 days

5                    TDS Certificate  (Form):- Form 402

6                    Certificate to be issued in days:- To be issued immediately, no period specified.

7                    Statement of TDS deposited:- Annual return in Form 405 to be submitted within 3 months from end of the year.

Jitendra Jhanwar

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<!--[if !supportLists]-->1                    <!--[endif]-->Intimation to Dept. regarding works contract:-   No Specific Provision

<!--[if !supportLists]-->2                    <!--[endif]-->Liability to deduct the TDS:-  If the contract value exceeds Rs. 5 Lacs.

<!--[if !supportLists]-->3                    <!--[endif____________________

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shrreharipriya nayak

https://www.puffingroup.com