Under Delhi Value Added Tax Act, 2004 rates of tax are different for different commodities. Rates for different commodities are as under (DVAT)
Under Delhi Value Added Tax Act, 2004 rates of tax are different for
different commodities. Rates for different commodities are as under:
S.No
|
Particulars
|
Rate of Tax
|
1
|
Goods specified in the Second Schedule
|
1%
|
2
|
Goods specified in the Third Schedule
|
5%
|
3
|
Goods specified in the Fourth Schedule
|
20%
|
4
|
Goods involved in the execution of the works contract
|
12.5%*
|
5
|
Any other Goods
|
12.5%
|
*shall be paid at the rate of 4% on declared goods, as defined in the
Central Sales Tax Act, 1956, involved in the execution of works contract
if such goods are transferred from the contractor to the contractee in
the same form in which they were purchased by the contractor:
CA Ankit Gulgulia
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