Wct deducted but not paid against the certificate
Querist :
Anonymous
(Querist) 28 June 2018
This query is : Open
an acquaintance engaged a contractor to build his office. he deducted works contracts tax from the payment but didn't deposit it with the concerned authority. therefore he doesn't have the certificate.
now the contractor is asking for either the certificate or the remaining payment.
our concern is:
1. if he does not pay the tax within a stipulated period, what is his liability to punishment?
2. since its not yet paid, whom should that deducted amount be paid to - the contractor or the authorities?
3. if he gives the remaining amount to contractor and not to the authorities, and ultimately the tax is not paid, what is his liability? would it double up?
4. how can he ensure that he doesn't have to pay the amount?
