Tax deductible on payments towards works contracts executed pre-GST, clarifies Karnataka Govt.

Karnataka Govt. issues clarification on deduction of tax at source in respect of works contract executed upto June 30, for which payments are required to be made from July 1 onwards; Since sale of goods shall be deemed to have taken place at the time of transfer of title or possession or incorporation thereof in the course of execution of any works contract, tax is liable to be deducted at 4% or an amount equivalent to tax payable by dealer as may be permitted by prescribed a...