Deduction of Tax at Source (TDS) in respect of works contract executed prior to 30-06-2017 for which payments to be made from 01-07-2017 onwards and tax rate applicable for TDS.

Deduction of Tax at Source (TDS) in respect of works contract executed prior to 30-06-2017 for which payments to be made from 01-07-2017 onwards and tax rate applicable for TDS. https://www.taxtmi.com/circulars?id=56062 Payments made after 01-07-2017 for works contracts executed on or before 30-06-2017 remain subject to KVAT TDS: sale under a works contract is a deemed sale and specified government and notified bodies must deduct tax at the KVAT-prescribed rate or an amount equivalent to tax payable as permitted by the prescribed authority. For contracts executed from 01-07-2017, GST envisages TDS by government and notified persons with separate State and Central components, but the TDS provision under GST is presently suspended until formally brought into force. en-us Tue, 18 Jul 2017 00:00:00 +0530 Fri, 22 Sep 2017 14:09:00 +0530 TaxTMI RSS Generator Deduction of Tax at Source (TDS) in respect of works contract executed prior to 30-06-2017 for which payments to be made from 01-07-2017 onwards and tax rate applicable for TDS. https://www.taxtmi.com/circulars?id=56062 Payments made after 01-07-2017 for works contracts executed on or before 30-06-2017 remain subject to KVAT TDS: sale under a works contract is a deemed sale and specified government and notified bodies must deduct tax at the KVAT-prescribed rate or an amount equivalent to tax payable as permitted by the prescribed authority. For contracts executed from 01-07-2017, GST envisages TDS by government and notified persons with separate State and Central components, but the TDS provision under GST is presently suspended until formally brought into force. Circulars GST - States Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56062