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VAT - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Taxability of works contract - the point at which these iron and ...


Works Contracts with Iron & Steel: Taxed at Accretion Point, No Further Taxation Allowed.

August 17, 2016

Case Laws     VAT and Sales Tax     SC

Taxability of works contract - the point at which these iron and steel products are taxable is the point of accretion, that is, the point of incorporation into the building or structure - Transaction cannot be taxed again - SC

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