Works contract Tax deducted at source - refund -reg

[venkat eswaran]

Dear all

We are doing works contracts at Tamil nadu. Our customer deducted 5% on bill value under TN VAT act and issued FORM T - certificate of deduction of tax source. And also received FORM R -statement of tax deduction at source.

Now how we will get refund of the deducted amount.? kindly give your feedback

Thanks in advance

[Ganeshan Kalyani]

You will have to mention the reference of the certificate in you Vat return. The certificate will be supplied to you by your customer who deducted tax at source. By refering the certificate your tax payable will come down to that effect.

AI Summary

Tax deducted at source on works contracts: reference Form T in VAT return to offset deducted tax against liability. Disclose the reference of the Form T certificate in the supplier's VAT return; the certificate supplied by the deducting customer, when referenced, reduces the supplier's VAT liability to the extent of the tax deducted at source, enabling credit or refund through adjustment against return liability.