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
In this case,
Output WCT=40*12.5%=5
Input Vat=8*12.5%=1
WCT Payable=5-1=4 lacs
What is Vat Return form prescribed?
View answer
Normal DVAT 16 form is applicable in case of Vat Sales