https://www.taxtmi.com/notifications?id=4393 Valuation of works contracts is fixed at the time of transfer of property in goods and excludes charges for labour, services and cost of land (in civil works) where supported by records; specified categories of labour and service charges are listed and a table prescribes percentage presumptive deductions when not ascertainable. For civil contracts, prescribed presumptive percentages apply for land cost and pro rata formulas govern partial transfers; tax is payable by the contractor when property in goods is transferred. Procedural changes prescribe forms, timelines for deposit intimation, refund disbursement options, and other filing timeframes. en-us Thu, 07 Sep 2006 00:00:00 +0530 Sat, 27 Sep 2008 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=4393 Valuation of works contracts is fixed at the time of transfer of property in goods and excludes charges for labour, services and cost of land (in civil works) where supported by records; specified categories of labour and service charges are listed and a table prescribes percentage presumptive deductions when not ascertainable. For civil contracts, prescribed presumptive percentages apply for land cost and pro rata formulas govern partial transfers; tax is payable by the contractor when property in goods is transferred. Procedural changes prescribe forms, timelines for deposit intimation, refund disbursement options, and other filing timeframes. Notifications VAT - Delhi Thu, 07 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=4393