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Author Topic: VAT TDS on works contract  (Read 9703 times)
ysdprasad
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Posts: 5


« on: April 15, 2009, 10:36:39 AM »

Dear experts,

I am working in a pvt ltd company i have a doubt on VAT TDS

1. we have given  works contract to one contractor for a Rs. 1crore so now  we want to give 30 lacks advance to the contractor so now my question is am i deduct VAT TDS on advance amount ? as per my experience whenever the bill will raised by the contractor then only we have to deduct VAT TDS on earlier given advances is its right ?

2. If i deduct  VAT TDS on raised bills then i have to issue form 501A to the contractor but here my doubt is am i show this VAT TDS transaction in my companies monthly VAT return (Form 200) ? sir plz..........help me

Thank you,

ysd prasad
« Last Edit: April 15, 2009, 12:38:34 PM by MyTaxes Support » Logged
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