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[Cites 0, Cited by 0] [Section 8A] [Entire Act]

State of Madhya Pradesh - Subsection

Section 8A(4) in M.P. Vat Rules, 2006

(4)The amount to be paid in lump sum by way of composition shall be determined at the rate mentioned against each type of contract specified below and shall be so determined at such rate on the total monetary consideration received or receivable by the registered dealer in respect of such works contract.
S.No. Type of contract Rate at which lump sum shall be determined
(1) (2) (3)
1 Civil works like construction of buildings, bridges, roads,dams, barrages, canals, diversions excluding- 2 per cent
  (i) supply and installation of air-conditioners, air coolers orair-conditioning equipment;  
  (ii) supply and fitting of electrical goods, supply and fittingof electrical equipment;  
  (iii) fabrication, supply and installation of elevators (lifts) andescalators.  
2 Supply and installation of,- 10 per cent
  (i) air-conditioners, air-coolers, air-conditioning equipmentsincluding deep freezers, cold storage plant and humidificationplants;  
  (ii) weighing machines and weigh bridges;  
  (iii) elevators (lifts) and escalators.  
3 All other contracts not specified in serial number 1 and 2above 4 per cent
[Explanation : [Inserted by Notification No. F-A-3-19-2009-1-V-(60), dated 18-5-2010.] - The rates of composition as specified before the amendment by the Notification No. FA-3-19-2009-1-5-27, dated 24-9-2009, shall be applicable to a works contract, execution of which has commenced before 24-9-2009.] [Inserted by Notification No. F-A-3-19-2009-1-V (60). dated 18-5-2010.]