WCT TDS matter, Other Topics

[Sanjay Vasava]

Dear Sir,

Our some contractors are not submitted form 702 with Invoice.

We are deducted WCT TDS (WCT TDS Rate is .06%) on full invoice value. Parties asking for WCT TDS certificate.

I want some clarity from experts, Form 702 is essential for WCT TDS or not.

Please explain.

Thanks & Regards,

Sanjay Vasava

Posts / Replies

[Ganeshan Kalyani]

As per section 65 of GVAT Rules , the form 702 is necessary to be given by contractor to the employer .

[MARIAPPAN GOVINDARAJAN]

Thanks Ganeshanji for your clarification.