https://www.taxtmi.com/caselaws?id=175766 Photographic papers imported from outside the State and used in executing a works contract were not deductible from taxable turnover because the inter-State character of their movement was not shown to have been occasioned by that particular contract. The works contract provision taxed the deemed transfer of property in goods on net turnover, and the goods kept as stock for ordinary business use did not qualify for the pleaded inter-State sale deduction. Where the actual sale consideration was not disclosed, the notified valuation method treating sale price as cost value plus incidental expenses and a 20 per cent addition was applied, and the Tribunal's estimate was upheld as consistent with that method. en-us Tue, 31 Aug 2004 00:00:00 +0530 Fri, 04 Dec 2015 16:09:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175766 Photographic papers imported from outside the State and used in executing a works contract were not deductible from taxable turnover because the inter-State character of their movement was not shown to have been occasioned by that particular contract. The works contract provision taxed the deemed transfer of property in goods on net turnover, and the goods kept as stock for ordinary business use did not qualify for the pleaded inter-State sale deduction. Where the actual sale consideration was not disclosed, the notified valuation method treating sale price as cost value plus incidental expenses and a 20 per cent addition was applied, and the Tribunal's estimate was upheld as consistent with that method. Case-Laws VAT and Sales Tax Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175766