https://www.taxtmi.com/caselaws?id=261269 Post-sale completion and finishing works for residential apartments sold as semi-finished structures remain within the composition scheme when they form part of the original development bargain. The finishing agreement is treated as a continuation of the same integrated transaction, not a separate works contract taxable independently under the works contract provisions. Taxable turnover under the composition scheme extends to the entire consideration under the initial agreement, including the finishing agreement, and is not confined to the amount shown in the registered sale deed, subject to the statutory requirement that tax be computed on the higher of the agreed consideration or stamp duty value. en-us Fri, 24 Apr 2015 00:00:00 +0530 Mon, 07 Mar 2016 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261269 Post-sale completion and finishing works for residential apartments sold as semi-finished structures remain within the composition scheme when they form part of the original development bargain. The finishing agreement is treated as a continuation of the same integrated transaction, not a separate works contract taxable independently under the works contract provisions. Taxable turnover under the composition scheme extends to the entire consideration under the initial agreement, including the finishing agreement, and is not confined to the amount shown in the registered sale deed, subject to the statutory requirement that tax be computed on the higher of the agreed consideration or stamp duty value. Case-Laws VAT and Sales Tax Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261269