https://www.taxtmi.com/caselaws?id=164747 A residential flat construction arrangement entered into before completion of the units, under a structured lease and allotment project with staged sub-lease and buyer-linked payments, is treated as a works contract for VAT purposes when the developer is effectively constructing for prospective allottees. The petitioner's compounding application was treated as supporting the character of the activity. Once the activity fell within the statutory definition of works contract, the challenge based on absence of authority of law under Article 265 could not succeed, and the VAT levy remained within the governing statute. en-us Mon, 24 Nov 2008 00:00:00 +0530 Mon, 24 Nov 2014 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164747 A residential flat construction arrangement entered into before completion of the units, under a structured lease and allotment project with staged sub-lease and buyer-linked payments, is treated as a works contract for VAT purposes when the developer is effectively constructing for prospective allottees. The petitioner's compounding application was treated as supporting the character of the activity. Once the activity fell within the statutory definition of works contract, the challenge based on absence of authority of law under Article 265 could not succeed, and the VAT levy remained within the governing statute. Case-Laws VAT and Sales Tax Mon, 24 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164747