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(Querist)
24 January 2011 Dear Sir,

pls provide me details of outputvat rate under work contracts in delhi & also give me summary of composition scheme in delhi.

Thanks
Lavesh

27 January 2011 WCT vat is 12.5% of taxable TurnOver (taxable TO = TO - Labor Component (upto civil 25%, Feb. 30%, Civil Sewer Work- 30% elect. Work 15% of TO) - Hire Charges (upto 15%) - Water & ELect. Charges (upto 5%) - POL Power,Oil,Lubricants etc.(actual or upto 2%)[- is stand for less)

Compositoin : 3% or 4% of TO it your choice, No deduction is allowed in Composition scheme.


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