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TaxTMI 
Liability - Central works contract Under DVAT
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....iability - Central works contract Under DVAT<br> Query (Issue) Started By: - Atul Anand Dated:- 12-4-2008 Last Reply Date:- 16-4-2008 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>Our company is r....
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....egistered under DVAT and we are engage in Works Contract Activity. I want to know what is the liabilty in the case of Central Works Contract. This is our liabilty to deposit Central works contract Und....
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....er DVAT Act or Party's liability. We have some contract with Indian Oil and Indian Oil cleary told to us raise the bill without works contract tax because Indian Oil will deposit works contract tax R....
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....eply By Surender Gupta: The Reply: I think the activity shall be subject to WCT in the state in which contract is being executed. For the material transferred from one state to another, you need to pa....
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....y CST as sale in the course of interstate trade. Reply By V Ramanujam: The Reply: Works contract is taxable in the State where agreement is executed/contract is executed and local tax as applicable in....
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.... the State. Where the contract involves movement of goods in pursuance of the ale, then CST is applicable. Though there is a provision of TDS under VAT Act too mandating the payer for deduction/remitt....
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....ance of tax on the payment made to contractor, the prime responsibility of reporting the sale and tax liability, filing of return, payment of tax after adjusting TDS falls only on the person executing....
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.... the works contract.<br> Discussion Forum - Knowledge Sharing ....