deduction of wct udner tnvat -reg, VAT + CST

[Ramakrishnan Seshadri]

Dear Sir

we are constructing one shed at our factory. The construction contractor has submitted the bill. We have deducted the wct amount under tnvat act of 2%.

Now our question is the construction contractor asking us to remit the wct tax amount deducted in their assessment circle along with FormR. But usually we deduct and pay the wct amount to our assessment circle with Form R.

Could the experts please clarify whether the request made by the contractor can be made or the procedure followed by us is correct.

Thanks & Regards,

S.Ramakrishnan

Posts / Replies

[YAGAY AND SUN]

Dear Ramakrishnan,

Please go through the Section 13 of the TNVAT Act, 2006 read with Rules and Proviso made thereunder for better understanding on the subject matter.

Regards,

YAGAY and SUN

(Management, Business & Indirect Tax Consultants)