22 January 2012

List of Construction Contracts for purpose of Section 40(3) of MVAT Act, 2002.


MVAT at lays down composition scheme for Works Contract in Section 40(3) of MVAT Act, 2002.

Vide notification No VAT.1506/CR-134/Taxation-1 issued u/s. 40(3) for The Maharashtra Value Added Tax Act, 2002 dated 30th November 2006 following contracts are notified as Construction Contracts for the purpose of section 40(3):

(A) Contracts for construction of,--

  1. Buildings,
  2. Roads,
  3. Runways,
  4. Bridges, Railway overbridges,
  5. Dams,
  6. Tunnels,
  7. Canals,
  8. Barrages,
  9. Diversions,
  10. Rail tracks,
  11. Causeways, Subways, Spillways,
  12. Water supply schemes,
  13. Sewerage works,
  14. Drainage,
  15. Swimming pools,
  16. Water Purification plants and
  17. Jettys

((B) Any works contract incidental or ancillary to the contracts mentioned in paragraph (A) above, if such work contracts are awarded and executed before the completion of the said contracts.