TMI BlogAmend the Delhi Value Added Tax Rules, 2005X X X X Extracts X X X X X X X X Extracts X X X X ..... cise of the powers conferred by section 102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005) , the Lt. Governor of the National Capital Territory of Delhi, hereby, makes the following rules to further amend the Delhi Value Added Tax Rules, 2005 , namely:- RULES 1. Short title and commencement (1) These rules may be called the Delhi Value Added Tax (2nd Amendment) Rules, 2006. (2) They shall come into force with immediate effect. 2. Substitution of new rule for rule 3 In the Delhi Value Added Tax Rules, 2005 (hereinafter referred to as "the principle Rules"), for rule 3, the following shall be substituted, namely:- "3. Works contract (1) In case of turnover arising from the execution of the works contr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (vi) other similar expenses relatable to supply of labour and services; (vii) profits earned by the contractor to the extent it is relatable to supply of labour and services subject to furnishing of a profit and loss account of the works sites: PROVIDED that where amount of charges towards labour, services and other like charges are not ascertainable from the books of accounts of the dealer, the amount of such charges shall be calculated at the percentages specified in the following table :- TABLE PERCENTAGES FOR WORKS CONTRACTS Type of contract and other like Labour, Service and other like charges are percentage of total value of the contract 1 Fabricatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by Railway. Twenty percent 14 Construction or mounting of bodies of motor vehicle and construction of trailers. Twenty percent 15 Sanitary fitting for plumbing and drainage or sewerage. Twenty five percent 16 Laying underground surface pipelines, cables or conduits. Thirty percent 17 Dyeing and printing of textiles. Thirty percent 18 Supply and erection of weighing machines and weighbridges. Fifteen percent 19 Painting, polishing and white washing. Thirty percent 20 All other contracts not specified from Sl. No. 1 to 19 above. Twenty percent *Twenty five percent of total value of the contract exclud ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 48 of the Income Tax Act, 1961. Explanation 2.- No tax shall be payable by a contractor on the amount representing the value of the goods supplied by the contractee to the contractor in the execution of works contract in which the ownership of such goods remains with the contractee under the terms of the contract and the amount representing the value of the goods supplied by the contractee to the contractor does not form part of the contract and is not deductible from the amount payable to the contractor by the contractee for the execution of the works contract." 3. Amendment in rule 16 In the principal Rules, in rule 16, in sub-rule (5), for the words and figures "in Form DVAT-10:" appearing after the words "by the date stat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ified persons attached to the organization in the other account, furnishes two separate applications in Form DVAT-23, the commissioner may pay the refund admissible in two bank accounts." 7. Amendment in rule 59 In the principal Rules, in rule 59, in sub-rule (3), for the words "within thirty days" occurring after the words and brackets "Tax Deduction Account Number (T.A.N.)" and before the words "from the date", the words "within seven days" shall be substituted. 8. Amendment of rule 67 In the principal Rules, in rule 67, in sub-rule (1), the words "or purchase" occurring after the words "effecting sale" and before the words "or branch transfer", shall be omitted. 9. Substitution of new forms for Forms DVAT-01 to D ..... X X X X Extracts X X X X X X X X Extracts X X X X
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