https://www.taxtmi.com/forum/issue?id=501 Applicability of Value Added Tax to a partnership firm or joint venture constructing buildings on its own land and later selling residential or commercial units is conditioned on whether those construction activities are characterized as works contracts; cited judicial decisions addressing the works contract classification are presented as determinative for the VAT consequence, leaving VAT liability contingent on the outcome of that characterization. en-us Tue, 14 Aug 2007 17:45:07 +0530 Thu, 23 Jan 2025 15:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=501 Applicability of Value Added Tax to a partnership firm or joint venture constructing buildings on its own land and later selling residential or commercial units is conditioned on whether those construction activities are characterized as works contracts; cited judicial decisions addressing the works contract classification are presented as determinative for the VAT consequence, leaving VAT liability contingent on the outcome of that characterization. Discussion-Forum VAT / Sales Tax Tue, 14 Aug 2007 17:45:07 +0530 https://www.taxtmi.com/forum/issue?id=501