Understanding the nuances of VAT 156, a pivotal form under the Karnataka Value Added Tax Act, 2003, requires a comprehensive exploration of its multiple facets. Tailored for government departments, undertakings, or statutory authorities that deduct tax at source, this certificate of tax deduction encompasses crucial information, including the names and addresses of both the tax-deducting authority and the contractor engaging in the works contract. It meticulously records the registration certificate number of the contractor, ensuring transparency and legality in transactions. The form further delves into the specifics of tax deductions, covering bill numbers, description and year of execution of works, alongside detailed financial transactions such as amounts paid and taxes deducted. Moreover, it outlines the method of remittance, whether through challan, cheque, demand draft, or book adjustments, providing clear trails for financial accountability. The declaration at the end of the form by the person deducting the tax, asserting the accuracy of the information and compliance with tax remittance regulations, solidifies the form's role in upholding rigorous financial standards. Each section of VAT 156 serves as a testament to meticulous financial governance, ensuring that tax deductions related to works contracts are conducted with utmost precision and integrity.
| Question | Answer |
|---|---|
| Form Name | Vat 156 Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | form 156, form vat 156 karnataka, vat 156 form download, vat challan form in word format |
FORM VAT 156
SEE RULE 44(3)
CERTIFICATE OF TAX DEDUCTION
1.Name and full address of the Government Department/ Undertaking or Statutory Authority deducting tax
2.(i) Name and full address of the Contractor who has executed the Works Contract
(ii)Registration Certificate No. and the name of the office of registration
under the Karnataka Value Added Tax Act, 2003 of the Contractor
3.PARTICULARS OF THE TAX DEDUCTED.-
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Bill No./date |
Description of |
Year of the |
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Amount |
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Amount of |
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Works |
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execution of |
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paid |
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tax |
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Contract |
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Works |
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Contractor |
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(1) |
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Tax amount |
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Details of remittance |
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deducted |
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(a)Challan No. & |
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(b)Cheque, D.D. or |
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(c)Details of book |
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date if remitted to |
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receipt No. & date if |
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adjustment, if the |
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Government |
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remitted to the VAT |
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amount is adjusted at |
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Treasury/Bank |
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Office or VAT sub- |
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the office of the |
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office |
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Accountant General, |
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Bangalore |
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(8) |
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Certified that |
the tax deducted |
as above have |
been remitted |
by us into |
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Government Treasury*/Bank*/to the ………… (Name of the Office where the
deducted tax is remitted)* or the same has been adjusted in the books of the Accountant General, Bangalore*, in accordance with Section
Place: |
Name and Signature of the |
Date : |
person deducting tax with |
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his designation and seal. |
*NOTE: Strike out whichever is not applicable. |
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