Tax Deduction at Source (TDS) as per section 31 of Maharashtra Value Added Tax Act, 2002 in respect of work contracts executed prior to 30-6-2017 for which payments to be made on or after 1-7-2017 and applicability of TDS.

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..... TRADE CIRCULAR To, …………………………… …………………………… No. JC/HQ-II/MVAT/TDS/section -31/2017-18/B-514 Mumbai, Date 21/07/2017 Trade Cir. No. 32 T of 2017 Subjects: Tax Deduction at Source (TDS) as per section 31 of Maharashtra Value Added Tax Act....

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....ted up to 30-6-2017 for which payments are required to be made on or after 1-7-2017. 3. The issue is examined and as an abundant precaution following clarification is issued. As provided under section 2(24) of MVAT Act, the sale of goods shall be deemed to have taken place at the time of transfer of property or possession or incorporation of goods in course of execution of any works contract whe....