TVAT Act,2005 – Government Contracts – Certain Instructions- Amendment Orders
GOVERNMENT OF TELANGANA
ABSTRACT
TVAT Act,2005 –
Government Contracts –
Certain
Instructions – Amendment Orders –
Issued.
-------------------------------------------
FINANCE (WP)
DEPARTMENT
G.O.RT.No. 3225
Dated: 19/10/2015
Read the
following:
1. G.O.Ms.No.11,
Finance (Works & Projects-F.8) Dept., dt.29.07.2005.
2. CCT’s Ref
No.A(1)/123/2015, Dt.21.08.2015.
* * *
ORDER:
In the circumstances reported
by the Commissioner of Commercial Taxes,
Telangana State,
Hyderabad in the reference 2nd cited, Government
hereby issue the
following
amendment addition to Clause-5 of G.O.Ms.No.11, Finance (Works &
Projects-F.8)
Department, dt.29.07.2005:
For
|
Read as
|
For implementation of VAT and
effecting TCS, date of payment of
the respective bill only is the
criterion. As and when bills are
paid, 4% tax should be collected,
wherever applicable.
|
For implementation of Tax
Collections at source as well as
effecting TCS, date of payment of
the respective bill only is the
criterion. As and when bills are paid,
5% should be collected, wherever
applicable.
|
(By Act
No.12/2012 w.e.f 14-9-2011, Rate of Tax 4% is replaced by 5%)
However, the
liability of dealer / assessee to pay VAT shall always be
determined as per
the provisions of TVAT Act and Rules framed thereunder.
2. The
Commissioner of Commercial Taxes, Telangana State, Hyderabad is
requested to take
necessary action in the matter.
(BY ORDER AND IN
THE NAME OF THE GOVERNOR OF TELANGANA)
N.SIVASANKAR
SECRETARY TO
GOVERNMENT
Post a Comment