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[Cites 0, Cited by 0] [Section 31] [Entire Act]

State of Madhya Pradesh - Subsection

Section 31(3) in The M.P. Vanijyik Kar Niyam, 1995

(3)The amount to be paid in lumpsum 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 lumpsum shall be determined
(1) (2) (3)
1. (i) Civil works like construction of buildings excluding- 2 percent
  (a) supply and installation ofair-conditioners, air-coolers or air-conditioning equipment;  
  (b) supply and fitting ofelectrical goods, supply and fitting of electrical equipment;  
  (c) fabrication and installationof elevators (lifts) and escalators.  
  (ii) Civil works like construction of bridges, roads, dams,barrages, canals, diversions. 2 percent
  (For works mentioned at (a), (b) and (c) above, thecomposition money would be determined on the basis of ratesgiven at item 4, 3 (i) and 3 (v) below respectively)  
2. Fabrication and installation of plant and machinery. 3 per cent
3. (i) supply and fitting of electrical goods, supply andfitting of electrical equipment including transformers. 4 percent
  (ii) sanitary fitting for plumping and drainage and sewerage. 4 percent
  (iii) laying underground or surface pipelines, cables orconduits. 4 percent
  (iv) supply and erection of weighing machines and weighbridges. 8 percent
  (v) fabrication and installation of elevators (lifts) andescalators. 8 per cent
4. Supply and installation of air-conditioners, air-coolers,air-conditioning equipments including deep freezers, coldstorage plant and humidification plants. 12 per cent
5. All other contracts not specified in serial numbers 1 to 4above 4 per cent