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Tax Practical
Practical WCT (Work Contract Tax)

In case of Works Contract, Rate of tax on goods applicable depends upon State to State

In Delhi, General Rate of tax applicable in this case is 12.5%

 

Following are latest DVAT Rates of Different DVAT Schedules

S.NO

ITEM NAME

ITEM CODE

RATE AS ON

RATE %

1

CIVIL CONSTRUCTION/ MODIFICATION WORK

9001001

30/06/2016

12.5

2

ELECTRIFICATION WORK

9001002

30/06/2016

12.5

3

INTERIOR DECORATION WORK

9001003

30/06/2016

12.5

4

WATER AND SEWERAGE WORK

9001004

30/06/2016

12.5

5

FABRICATION and FIXING WORK

9001005

30/06/2016

12.5

6

ERECTION-INSTALLATION ETC. OF PLANTS and MACHINERY

9001006

30/06/2016

12.5

7

ELEVATOR/ LIFTS RELATED WORK

9001007

30/06/2016

12.5

8

MAINTENANCE CONTRACTS INCLUDING AMCS

9001008

30/06/2016

12.5

 

Example 1

Suppose Construction work done of 40 lacs+12.5% WCT

Vat on Materials used in production =8 lacs+ 12.5% Vat

What is WCT Payable?

View Answer

What is Vat Return form prescribed?

View Answer
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.