The Jharkhand Value Added Tax Act, 2005 NOTIFICATION
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Body NOTIFICATION NO. S.O. 211., dated 31st March, 2006

In exercise of the powers conferred by the Proviso of clause (a) of sub-section (1) of Section 58 of the Jharkhand Value Added Tax Act, 2005 (Jharkhand Act 05, 2006), the Governor of Jharkhand is pleased to specify the rates in column (4) of the Schedule below, at which the amount of composite tax payable by Contractors, who are liable to pay tax on sales effective by them by way of transfer of property in goods (whether as goods or in some other forms) involved in the execution of works contract: mentioned in column (2) of the Schedule below, subject to the conditions and restrictions, as set out in column (5) as noted below: -

Schedule

Serial No.	Description of works contractors	Classes of Sales or Purchases	Rate at which such composition of tax shall be made	Conditions and Restrictions
1	2	3	4	5
1.	Works Contractors	Aggregate of valuable consideration: received or receivable for execution of works contract	4 percent of the total value of consideration in execution of Works Contractors .	Subject to such restrictions and conditions as set out in Section 58 of the Act, read with the Rule 4, sub-rule (7) of Rule 14 & Rule 60 of the Jharkhand Value Added Rules 2006.

This Notification shall come into force with effect from 1^st April, 2006.