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June 2012

TDS — Payment to Unregistered Contractor — Notification No. JC(HQ)1/VAT/2005/97, dated 4-4-2012.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants
Reading Time 1 mins
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W.e.f. 1st April, 2012 rate of MVAT TDS on amounts payable to unregistered contractors has been increased from 4% to 5%.

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