https://www.taxtmi.com/article/detailed?id=1130 Section 27 requires contractees to deduct tax at source from works contract payments, but the High Court held deductions are limited to the taxable turnover - excluding labour/service components and turnover relating to sales outside the State, inter state sales and imports - and that contractors must provide declarations of such exclusions to the payor and assessing authority; this approach was applied pending an appropriate statutory mechanism and without prejudice to assessment and recovery provisions. en-us Fri, 11 Feb 2011 00:00:00 +0530 Sat, 12 Feb 2011 09:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1130 Section 27 requires contractees to deduct tax at source from works contract payments, but the High Court held deductions are limited to the taxable turnover - excluding labour/service components and turnover relating to sales outside the State, inter state sales and imports - and that contractors must provide declarations of such exclusions to the payor and assessing authority; this approach was applied pending an appropriate statutory mechanism and without prejudice to assessment and recovery provisions. Articles Value Added Tax - VAT and CST Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=1130