https://www.taxtmi.com/caselaws?id=188065 Construction undertaken for a prospective purchaser under a pre-completion development agreement was treated as a works contract where the arrangement was a package deal, construction continued after the agreement, and consideration was payable in instalments. The presence of a termination clause for breach did not change that character. On that basis, the activity attracted liability to pay VAT on materials used in execution of the works contract, and the corresponding obligation to register under the Punjab Value Added Tax Act, 2005 was affirmed. en-us Fri, 12 Feb 2016 00:00:00 +0530 Tue, 17 Jan 2017 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188065 Construction undertaken for a prospective purchaser under a pre-completion development agreement was treated as a works contract where the arrangement was a package deal, construction continued after the agreement, and consideration was payable in instalments. The presence of a termination clause for breach did not change that character. On that basis, the activity attracted liability to pay VAT on materials used in execution of the works contract, and the corresponding obligation to register under the Punjab Value Added Tax Act, 2005 was affirmed. Case-Laws VAT and Sales Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188065