b-1 tender form - Maharashtra Industrial Development Corporation
b-1 tender form - Maharashtra Industrial Development Corporation
b-1 tender form - Maharashtra Industrial Development Corporation
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56<br />
MAHARASHTRA INDUSTRIAL DEVELOPMENT CORPORATION<br />
( A Government of <strong>Maharashtra</strong> Undertaking )<br />
Value Added Tax Act, 2002<br />
1. The <strong>tender</strong>ed rates shall be inclusive of all taxes, rates and cesses and shall<br />
also be inclusive of the tax leviable in respect of works contract under the<br />
provision of the <strong>Maharashtra</strong> Value Added Tax Act, 2002.<br />
2. The contractors who submit the <strong>tender</strong>s should necessarily be a Registered<br />
dealer under the <strong>Maharashtra</strong> Value Added Tax Act, 2002.<br />
3. The contractor shall submit the Registration Certificates as registered dealer<br />
under the <strong>Maharashtra</strong> Value Added Tax Act, 2002 at the time of submission<br />
of <strong>tender</strong>s or at the time of issuing the work order.<br />
4. MIDC will deduct this tax at source at 2% (for registered dealer) and 4% (in<br />
any other case) of the value of work done as per Section 31 of <strong>Maharashtra</strong><br />
Value Added Tax Act, 2002 and Notification No. VAT-1505/CR-<br />
123/Taxation-1 dated 01.04.2005. TDS Certificate to this effect will be issued<br />
by MIDC.”<br />
Contractor.<br />
Executive Engineer(E&M).