https://www.taxtmi.com/caselaws?id=326715 Declared goods such as iron and steel used in the same form in a works contract are protected by the statutory limitation under Section 14 of the Central Sales Tax Act, and the State cannot impose a higher VAT incidence than permitted by the Karnataka Value Added Tax Act, 2003. The note explains that although composite works contracts may be taxed under the VAT regime, the levy on declared goods remains restricted by the governing scheme. On that basis, a 14.5% tax levy on iron and steel used in the execution of works contract was stated to be unsustainable and required reconsideration under the correct legal position. en-us Fri, 12 Feb 2016 00:00:00 +0530 Sat, 09 Apr 2016 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326715 Declared goods such as iron and steel used in the same form in a works contract are protected by the statutory limitation under Section 14 of the Central Sales Tax Act, and the State cannot impose a higher VAT incidence than permitted by the Karnataka Value Added Tax Act, 2003. The note explains that although composite works contracts may be taxed under the VAT regime, the levy on declared goods remains restricted by the governing scheme. On that basis, a 14.5% tax levy on iron and steel used in the execution of works contract was stated to be unsustainable and required reconsideration under the correct legal position. Case-Laws VAT and Sales Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326715