Calculating Deemed Sales Value by taking Turnover from Entirety of Works Contract even at the First Stage is Contrary to VAT Act: Madras HC [Read Order]

Works Contract - VAT Act - Madras HC - TAXSCAN

The Madras High Court, in a recent judgment has directed the VAT authorities to re-do the proceedings as the method for assessing the turnover from works contract was in contradictory to Rule 8(5) of the Tamil Nadu Value Added Tax Rules, 2007. The petitioner, M/s.VBHC Chennai Value Homes Private Limited challenged the impugned assessments relate…

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