https://www.taxtmi.com/article/detailed?id=1885 The operative mechanism to avoid excess withholding under the Punjab VAT Act is an application under section 27(10) for a NIL or lower rate tax-deduction certificate where the final VAT liability is nil or lower than deductions made under section 27. Deduction at source is properly confined to the taxable turnover (the deemed sale of goods in a works contract); labour/service elements and inter-state or export/import transactions are not taxable by the State and should be excluded when assessing withholding. en-us Thu, 13 Sep 2012 09:14:47 +0530 Thu, 13 Sep 2012 09:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1885 The operative mechanism to avoid excess withholding under the Punjab VAT Act is an application under section 27(10) for a NIL or lower rate tax-deduction certificate where the final VAT liability is nil or lower than deductions made under section 27. Deduction at source is properly confined to the taxable turnover (the deemed sale of goods in a works contract); labour/service elements and inter-state or export/import transactions are not taxable by the State and should be excluded when assessing withholding. Articles Value Added Tax - VAT and CST Thu, 13 Sep 2012 09:14:47 +0530 https://www.taxtmi.com/article/detailed?id=1885