DVAT Most Urgent
This query is : Resolved
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
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.
Compositoin : 3% or 4% of TO it your choice, No deduction is allowed in Composition scheme.
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