Work Contracts Prior to 11.05.2002 cannot be Taxed under Central Sales Tax Act: Madras HC [Read Order]
The Court noted that the amendment's impact was prospective, not retroactive, meaning that work contracts executed before the amendment could not be retrospectively taxed under the revised provisions of the Central Sales Tax Act
By Navasree A.M - On September 23, 2024 1:32 pm - 2 mins read
The Madras High Court ruled that work contracts undertaken prior to 11.05.2002, the said work contracts cannot be brought under the purview of the tax net under the Central Sales Tax Act, 1956. The petitioner, M/s Industrial Engineering Corporation, an entity engaged in Industrial Engineering Services, had entered into work contracts with the Government of…
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