Saturday, April 13, 2013

New Composition Scheme for dealers carrying out Works Contract

For dealers exclusively engaged in carrying out Works Contracts, a new Composition Scheme has been notified w.e.f. 1st April, 2013.

A works contract dealer who is paying tax under section 3 of the DVAT Act (not under composition scheme), can opt for this scheme by filing an application in Form WC 01 within thirty days from the first day of the financial year with effect from which composition is opted, i.e. on or before 30.04.2013.

Click here to download Form WC 01.