https://www.taxtmi.com/caselaws?id=163364 Steel used in executing a works contract, when it retained its character as declared goods, was subject to the specific rate and point of levy prescribed in the Fourth Schedule to the Karnataka Sales Tax Act, 1957. Section 5B, which taxes transfer of property in goods involved in works contracts, operated subject to section 5(4), and the statutory limitation for declared goods could not be ignored. On that reading, steel used in the same form in the contract could not be taxed at a higher rate under section 5B alone, and the 10 per cent levy was unsustainable. en-us Thu, 15 Dec 2005 00:00:00 +0530 Tue, 01 Apr 2014 14:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163364 Steel used in executing a works contract, when it retained its character as declared goods, was subject to the specific rate and point of levy prescribed in the Fourth Schedule to the Karnataka Sales Tax Act, 1957. Section 5B, which taxes transfer of property in goods involved in works contracts, operated subject to section 5(4), and the statutory limitation for declared goods could not be ignored. On that reading, steel used in the same form in the contract could not be taxed at a higher rate under section 5B alone, and the 10 per cent levy was unsustainable. Case-Laws VAT and Sales Tax Thu, 15 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163364