Determination of sale price for works contracts clarified; new clause prescribes deductions and valuation method under Central Sales Tax. The amendment to section 13(1) of the Central Sales Tax Act inserts a new clause specifying the manner of determination of the sale price and the deductions from the total consideration for a works contract under the proviso to clause (h) of section 2, and re letters the former clause (aa) as clause (ab).
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Determination of sale price for works contracts clarified; new clause prescribes deductions and valuation method under Central Sales Tax.
The amendment to section 13(1) of the Central Sales Tax Act inserts a new clause specifying the manner of determination of the sale price and the deductions from the total consideration for a works contract under the proviso to clause (h) of section 2, and re letters the former clause (aa) as clause (ab).
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