Bare ActsThe Telangana Value Added Tax Act, 2005.

Section 76

Inserted by Act No

Amendment status not verified — confirm the current text below against the official source.

Inserted by Act No.4 of 2009. 46 [Act No.5 of 2005] 4 and remit the tax so collected on the immediate next working day from the date of such collection in the manner as may be prescribed.] 77[(3-C) The Food Corporation of India and the Civil Supplies Corporation, Telangana Unit, shall deduct tax at source on the sale of rice effected by the rice millers to them at the rates prescribed under the relevant Schedule under the Act and remit the tax so collected to the State Government within twenty (20) days from the date of deduction in the manner as may be prescribed.] 78[(3-D) The Distilleries and Breweries, shall collect tax at source on the sale of old empty bottles effected by the dealers to them at the rates prescribed under the relevant Schedule under the Act and remit the tax so collected to the State Government on the immediate next working day from the date of collection in the manner as may be prescribed.] 79[(3-E) In every lease transaction, that is liable to tax under sub-section (8) and sub-section (8-B) of section 4 of the Act, the person who is a transferee or lessee and who is responsible for making payment towards lease amount to a person, who is a transferor or lessor in pursuance of lease contract shall deduct tax on the lease consideration due thereon at the rate specified in sub-section (8) or as the case may be, sub-section (8-B) of section 4 of the Act and shall remit the tax so collected to the State Government on the immediate next working day from the date of collection in the manner as may be prescribed.] 80[(3-F) Any person or authority, notified by the Commissioner, shall deduct from out of the amounts

Section 76 – The Telangana Value Added Tax Act, 2005. | DailyLaw.ai