https://www.taxtmi.com/circulars?id=52182 A composite horticulture agreement constituting a works contract triggers VAT on the transfer of property in goods involved in execution of that contract; taxable turnover is the value at the time of transfer excluding labour and service charges. Materials used in such works contracts are chargeable under the works-contract tax provision irrespective of their schedule classification, except that declared goods transferred in the same form receive the statutory special treatment. Apportionment and valuation rules determine the taxable amount. en-us Thu, 25 Apr 2013 00:00:00 +0530 Wed, 08 May 2013 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52182 A composite horticulture agreement constituting a works contract triggers VAT on the transfer of property in goods involved in execution of that contract; taxable turnover is the value at the time of transfer excluding labour and service charges. Materials used in such works contracts are chargeable under the works-contract tax provision irrespective of their schedule classification, except that declared goods transferred in the same form receive the statutory special treatment. Apportionment and valuation rules determine the taxable amount. Circulars VAT - Delhi Thu, 25 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52182