Please brief STDS as per sales tax with an example , because i am confused about STDS
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For the purpose of STDS, where transfer of property in goods (whether in goods or in some other form) is involved in execution of a works contract, deduction of Sales Tax, with effect from 01.08.2006, shall be as below : (i) two per centum, when such contractor is registered under the VAT Act and such registration is valid on the date of making such payment; or (ii) four per centum, in all other cases.
what is the deduction rate of wct for register dealer and non register dealer in current year?
Please check Section 40 the WBVAT Act read with Rules made thereunder in this regard.
Team YAGAY and SUN
(Management and Indirect Tax Consultants)