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Tax deducted at source in VAT
Can anyody explain is there any TDS on VAT or Sales Tax
Replies (6)
Yes,Dear Mr.Sunil, Very much. Every State have the provision for Deduction of Tax At Source (TDS) under their respective VAT Acts and Rules, including Sales Tax laws which is not relevant now as all the States have implemented VAT. As in Income Tax, there are proviisons, depending on the State VAT Act, for lower deduction or no deduction of TDS.
Yes.
It is Known As WCT TDS.
| Originally posted by :Sunil M L | ||
| " | Can anyody explain is there any TDS on VAT or Sales Tax | " |
Governments of most of the states had made the provisions for deduction of taxes on WC & Purchases. Eor instance section 47 in Assam.
No TDS is deductible on Inter State purchases.
should TDS deducted on advance given for construction?
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