https://www.taxtmi.com/forum/issue?id=108902 Whether value of goods purchased interstate and incorporated into a works contract may be excluded from taxable turnover under Rule 9(e) and whether an assessing authority can later treat those supplies as central sales and reopen assessment under the UP VAT Act are central. Rule 9(e) allows deduction of amounts representing value of goods sold in the course of interstate trade when determining works-contract turnover, while the UP VAT reassessment provision permits reopening where turnover is later held to relate to assessment under the Central Sales Tax Act or this Act. en-us Sat, 18 Jul 2015 12:06:33 +0530 Thu, 23 Jan 2025 15:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108902 Whether value of goods purchased interstate and incorporated into a works contract may be excluded from taxable turnover under Rule 9(e) and whether an assessing authority can later treat those supplies as central sales and reopen assessment under the UP VAT Act are central. Rule 9(e) allows deduction of amounts representing value of goods sold in the course of interstate trade when determining works-contract turnover, while the UP VAT reassessment provision permits reopening where turnover is later held to relate to assessment under the Central Sales Tax Act or this Act. Discussion-Forum VAT / Sales Tax Sat, 18 Jul 2015 12:06:33 +0530 https://www.taxtmi.com/forum/issue?id=108902