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Gujarat VAT Rules Amendment – TDS Procedure Notified

We had informed you vide our earlier Circular dated 7-Dec-2009 about the TDS provisions under the Gujarat VAT laws. As per provision of Section-59 B of the Gujarat VAT Act 2003, a person who awards “specified works contract” of Rs.One Crore or more is responsible for deduction of VAT from the payment of “specified sale [...]

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Asides

• Finance Commission Report on GST flawless #
• Goods and service tax (GST) in Gujarat not before April 2011 #
• Gujarat's income tax collection may rise by 18% this fiscal #
• PAN to be linked with Unique Id Number #