Tax on goods involved in works contracts applies uniformly regardless of schedule, with declared goods taxed at a preferential rate. Goods forming part of composite horticulture works contracts are treated as goods involved in execution of a works contract and their value is taxable under section 4(1)(d) of the DVAT Act rather than by the Schedules; declared goods transferred in the same form attract the statutory preferential rate. Taxable turnover for such works contracts excludes labour and service charges and is determined at the time of transfer of property in goods under the DVAT Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax on goods involved in works contracts applies uniformly regardless of schedule, with declared goods taxed at a preferential rate.
Goods forming part of composite horticulture works contracts are treated as goods involved in execution of a works contract and their value is taxable under section 4(1)(d) of the DVAT Act rather than by the Schedules; declared goods transferred in the same form attract the statutory preferential rate. Taxable turnover for such works contracts excludes labour and service charges and is determined at the time of transfer of property in goods under the DVAT Rules.
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