https://www.taxtmi.com/caselaws?id=251219 A clarificatory circular on works contract valuation was consistent with the statutory computation method under the Maharashtra VAT framework because it did not create a new restriction and only enforced the prescribed deductions, including the treatment of land cost where applicable. The commentary also explains that a composition scheme under section 42(3A) is a concessional, optional fiscal measure, so the State may lawfully limit its application to agreements registered on or after 1 April 2010. A cut-off date in a tax concession is not invalid merely because earlier agreements are excluded, provided the date is not shown to be arbitrary. en-us Tue, 30 Oct 2012 00:00:00 +0530 Mon, 08 Sep 2014 09:22:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251219 A clarificatory circular on works contract valuation was consistent with the statutory computation method under the Maharashtra VAT framework because it did not create a new restriction and only enforced the prescribed deductions, including the treatment of land cost where applicable. The commentary also explains that a composition scheme under section 42(3A) is a concessional, optional fiscal measure, so the State may lawfully limit its application to agreements registered on or after 1 April 2010. A cut-off date in a tax concession is not invalid merely because earlier agreements are excluded, provided the date is not shown to be arbitrary. Case-Laws VAT and Sales Tax Tue, 30 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251219