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VAT - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Any deduction made by the principal while making payments ...


TDS Deductions in Works Contracts Subject to Final Assessment by Assessing Officer, Not Final VAT Determination.

September 23, 2016

Case Laws     VAT and Sales Tax     HC

Any deduction made by the principal while making payments towards the works contract would always remain subject to the final assessment by the AO; and deduction at source (TDS) by the principal, by itself, is not decisive of the actual amount of VAT payable. - HC

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