Dear Sir,
We are the manufacture of automobile parts. We are going to expand our building . The contract is given to Foreign construction company who is going to construct the building.
Our question is what is procedure under tnvat act for deducting tds on wct for civil construction. How to deduct tds on wct.Whether the foreign company has to get registered with the tnvat or what is the procedure.
Kindly guide us.
Thanks and Regards,
S.Ramakrishnan.
Guidance Sought on TDS Deduction for Works Contract Tax Under TNVAT for Foreign Construction Companies A manufacturer of automobile parts is expanding their building and has contracted a foreign construction company for the project. They seek guidance on the procedure under the Tamil Nadu Value Added Tax (TNVAT) Act for deducting Tax Deducted at Source (TDS) on Works Contract Tax (WCT) for civil construction. The query includes whether the foreign company needs to register under TNVAT. The response clarifies that WCT TDS applies if the works contract involves the transfer of property in goods under the local TNVAT Act, but not if materials are supplied on a Central Sales Tax (CST) basis from outside Tamil Nadu. (AI Summary)
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