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Effective Rate of Tax on Certain Works Contract Activities Reduced under the Delhi VAT Act with effect from 20.09.2013 |
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| 23-9-2013 | |||||||||||||||||||||||||||||||||||||||||||||||
Effective Rate of Tax on Certain Works Contract Activities Reduced under the Delhi VAT Act with effect from 20.09.2013 [vide Notification No.F.3(16)/Fin.(Rev‐I)/2013‐14/dsVI/785 dated the 20.09.2013] Computation of taxable turnover in works contracts: Where amount of labour, services and other like charges is not ascertainable from the books of accounts of the dealer (being works contractor) or where he fails to produce documentary evidence in support of such charges, the amount of such charges shall be calculated on the basis of percentages specified in the Table given in Rule 3(2) of the Delhi VAT Rules. The Government has amended the said Table with effect from 20.09.2013 and standard percentage of certain activities has been increased (and thus effective rate of VAT has been decreased , if claiming labour & services on percentage basis), as under:
(Rakesh Garg) |
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