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of <h1>Delhi Clarifies BOT Contracts as Works Contracts; Registration Required Under DVAT Act Section 18 Since 2005</h1> The notification from the Delhi Department of Trade and Taxes clarifies the taxability and registration requirements for Build, Operate, Transfer (BOT) contracts under the Delhi Value Added Tax (DVAT) Act, 2004. BOT contracts are classified as works contracts, which involves the transfer of property in goods during execution. Consequently, BOT contractors must register under Section 18 of the DVAT Act. This ruling also applies to similar contract formats like BOO, BOOT, and BOMT, effective retrospectively from April 1, 2005. The decision addresses tax implications and aims to prevent tax evasion by ensuring proper registration and compliance.
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