https://www.taxtmi.com/caselaws?id=331091 A works contract executed in a Special Economic Zone may not be denied tax exemption merely because customs or SEZ endorsement on running invoices was impracticable where purchase-bill endorsement had already been obtained and the applicable procedural rule was substantially complied with. The text states that sections 21 and 22 of the Gujarat Special Economic Zone Act, 2004 prevent State tax on sale or purchase of goods within the SEZ area, so a contrary assessment based on rigid insistence on invoice endorsement cannot stand. The assessment is therefore to be modified and tax liability, with consequential interest and penalty, recomputed in line with the earlier binding ruling. en-us Thu, 04 Aug 2016 00:00:00 +0530 Thu, 11 Aug 2016 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331091 A works contract executed in a Special Economic Zone may not be denied tax exemption merely because customs or SEZ endorsement on running invoices was impracticable where purchase-bill endorsement had already been obtained and the applicable procedural rule was substantially complied with. The text states that sections 21 and 22 of the Gujarat Special Economic Zone Act, 2004 prevent State tax on sale or purchase of goods within the SEZ area, so a contrary assessment based on rigid insistence on invoice endorsement cannot stand. The assessment is therefore to be modified and tax liability, with consequential interest and penalty, recomputed in line with the earlier binding ruling. Case-Laws VAT and Sales Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331091