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.

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..../2017-18 No. KSA/GST/CR.02/2017-18, dated:18.07.2017 Sub: 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- regarding The Karnataka Value Added Tax, 2003, (herein after referred to as "KVAT Act"), was in force during the period from 01-04-2005 to 30-06-2017. The Karna....

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.... for which payments are pending from 01-07-2017: Under the provisions of section 7 (1) of the KVAT Act 2003, the sale of goods shall be deemed to have taken place at the time of transfer of title or possession or incorporation of goods in the course of execution of any works contract whether or not there is receipt of payment. Therefore, the Central Government, or any State Government, or an ind....