Delhi vat section 36A, VAT + CST

[VAMSI KRISHNA]

Sir,

What is the contract value limit for to deduct TDS on works contract as per delhi vat 2004

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[YAGAY AND SUN]

2[(1) Any person, not being an individual or a Hindu undivided family, who is responsible for making payment to any dealer (hereinafter in this section referred to as “the contractor”) for discharge of any liability on account of valuable consideration payable for the transfer of property in goods (whether as goods or in some other form) in pursuance of a works contract, for value exceeding twenty thousand rupees or such amount as may, by order in writing published in official Gazette, be notified by the Commissioner from time to time, shall, at the time of credit of such sum to the account of the contractor or at the time of payment thereof in cash or by any other mode, whichever is earlier, deduct tax thereon at the rate of 3[four] percent.

4[***]

5[PROVIDED that the rate of deduction of tax (TDS) shall be 6% in case of contractors not registered under this Act.]