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Section 4 of Delhi Value Added Tax 2004 - Rates of tax

 

What are the Rates of tax? Section 4 of DVAT Act 2004

Section 4  : Rates of tax - Delhi Value Added Tax Act 2004

(1) The rates of tax payable on the taxable turnover of a dealer shall be-
(a) in respect of goods specified in the Second Schedule, at the rate of one paisa in the rupee;

(b) in respect of goods specified in the Third Schedule, at the rate of five paise in the rupee:

(c) in respect of goods specified in the Fourth Schedule, at the rate of twenty paise in the rupee;

(d) in respect of the goods involved in the execution of the works contract, at the rate of twelve and a half paise in the rupee; and

PROVIDED that tax shall be paid at the rate of five paise in the rupee of the turnover of the dealer pertaining to declared goods, as defined from time to time in the Central Sales Tax Act, 1956 (74 of 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:

PROVIDED FURTHER that in respect of the works contracts which are
in the nature of printing works, the rate of tax shall be five paise in the rupee.

(e) in the case of any other goods, at the rate of twelve and a half paise in the rupee:

PROVIDED that the rate of tax on packing materials or containers shall be
the same as the rate at which the goods sold are chargeable to tax.

(2) The Government may, if it deems necessary, reduce the rates of tax as specified in sub-section (1), by a notification to that effect in the official Gazette.

Note : Please cross check the latest rate of tax from DVAT website

 

DELHI VALUE ADDED TAX 2004

Section 2  : Definitions

Section 3  : Imposition of tax

Section 4  : Rates of tax

Section 5  : Taxable turnover

Section 6  : Sale exempt from tax

 

 

Section 7  : Certain sales not liable to tax

Section 8  : Adjustments to tax

Section 9  : Tax credit

Section 10  : Adjustment to tax credit

Section 11  : Net tax

 

 

Section 11A  : Tax on goods supplied by contractee

Section 12  : Time at which turnover, turnover of purchases and adjustments arise

Section 13 : Priority

Section 14 : Treatment of stock brought forward during transition

Section 15 : Second-hand goods

 

 

Section 16 : Composition scheme for specified dealers

Section 16A : Special provisions relating to casual traders

Section 17 : Transactions between related parties

Section 18 : Mandatory and voluntary registration

Section 19 : Registration

Section 20 : Effect of registration

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