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VAT - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Valuation of Works Countract - In the absence of necessary ...


High Court mandates valuation of work contract expenditure u/r 3(2)(m) KVAT Rules when records are unavailable.

April 7, 2014

Case Laws     VAT and Sales Tax     HC

Valuation of Works Countract - In the absence of necessary records, the expenditure incurred for the work contract has to be assessed invoking Rule 3(2)(m) of the KVAT Rules - HC

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