Maya Appliances - Quantity Discount even if disclosed on the invoice cannot be allowed as deduction
ABB - Inter State movement of goods in pursuance of works contract liable to CST and not local VAT
Wipro Limited - Form C can be issued even when the same is not declared in the VAT returns
Maya Appliances - Quantity Discount even if disclosed on the invoice cannot be allowed as deduction ABB - Inter State movement of goods in pursuance of works contract liable to CST and not local VAT
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The Hon'ble Supreme Court has in the case of L&T in the context of the VAT laws held that "activity of construction undertaken by the developer would be works contract only from the stage the developer enters into a contract with the flat purchaser. The value addition made to the goods transferred after the agreement is entered into with the flat purchaser can only be made chargeable to tax by the State Government"
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AuthorHanish is a Chartered Accountant practicing in the area of Indirect Taxes Archives
September 2014
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