https://www.taxtmi.com/caselaws?id=249586 Section 22(3A) of the Andhra Pradesh Value Added Tax Act applies only where tax at the prescribed rate is separately added to an estimated contract value. An EPC works contract requiring investigation, design and execution for a lump-sum price did not satisfy that condition because the tender notice disclosed no estimated value and the benchmark was determined only after tenders were received. Tax deduction was therefore governed by section 22(3) and the quantified taxable turnover in Form 501D. Excess tax deducted from running bills could only be remitted subject to assessment adjustments; retaining it without remittance was contrary to the statutory scheme and required refund. en-us Fri, 11 Oct 2013 00:00:00 +0530 Thu, 17 Jul 2014 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249586 Section 22(3A) of the Andhra Pradesh Value Added Tax Act applies only where tax at the prescribed rate is separately added to an estimated contract value. An EPC works contract requiring investigation, design and execution for a lump-sum price did not satisfy that condition because the tender notice disclosed no estimated value and the benchmark was determined only after tenders were received. Tax deduction was therefore governed by section 22(3) and the quantified taxable turnover in Form 501D. Excess tax deducted from running bills could only be remitted subject to assessment adjustments; retaining it without remittance was contrary to the statutory scheme and required refund. Case-Laws VAT and Sales Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249586