TDS On WCT, VAT + CST

[Mukund Honkan]

We have opted for composite scheme under MVAT(Maharashtra). We have accounted certain Invoices raised on client in the year 2010-11, the said amount is received in the year 2011-12 after deducting TDS on WCT.  Please let me know in which year  we should account for TDS on WCT corresponding to the said invoice regards, Mukund M Honkan

Posts / Replies

[Vivek Harsh]

 

If your query is restricted to accounting purpopses and not with regard to return filing issues than you should account your TDS for 10-11.  Are your accounts finalized  ? Are you facing return filing problem? kindly explain your position. 

[Mukund Honkan]

Thanks for feedback. As per law, in which year  we should consider thesame in VAT return regards, Mukund M Honkan