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
  1. Tax Practical
  2. Practical WCT (Work Contract Tax)
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .