Tds on mvat

Dear Sirs,

What is the provision for TDS on MVAT for Works Contractors. Kindly explain the forms to be issued by contractors and subcontractors for the same and significance of the forms.

Also, is Form 401 deleted or still has to be issued to the government. Kindly explain the clauses.

Awaiting Response.

Sneha

Replies (2)

TDS on MVAT (Works contract) is 2% and 5% if dealer is unregistered

Sir,

What about forms to be issued for the same. and what about TDS certificates

 

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