https://www.taxtmi.com/caselaws?id=249407 The Kerala High Court upheld the provisos inserted into section 8(a)(iii) of the Kerala Value Added Tax Act, 2003, rejecting challenges based on arbitrariness, discrimination and legislative competence. It held that the concessional compounded rate was only a statutory concession, not a constitutional entitlement, and that the assessees failed to show any specific infirmity in the legislative source of power or in the amended scheme. The Court further ruled that the concession applied only to works contracts already in existence before the KVAT regime commenced, not to separate agreements executed on or after 1 April 2005. Receipts under those later agreements were therefore taxable at the higher rate. en-us Mon, 21 May 2012 00:00:00 +0530 Sat, 12 Jul 2014 20:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249407 The Kerala High Court upheld the provisos inserted into section 8(a)(iii) of the Kerala Value Added Tax Act, 2003, rejecting challenges based on arbitrariness, discrimination and legislative competence. It held that the concessional compounded rate was only a statutory concession, not a constitutional entitlement, and that the assessees failed to show any specific infirmity in the legislative source of power or in the amended scheme. The Court further ruled that the concession applied only to works contracts already in existence before the KVAT regime commenced, not to separate agreements executed on or after 1 April 2005. Receipts under those later agreements were therefore taxable at the higher rate. Case-Laws VAT and Sales Tax Mon, 21 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249407