https://www.taxtmi.com/caselaws?id=189610 A works contractor executing work for a wholly owned Government company was held not entitled to the 5% concessional compounded tax rate under Section 8 of the Kerala Value Added Tax Act because the concession was confined to works contracts awarded by the Government of Kerala, Kerala Water Authority, or local authorities. A Government company was not treated as equivalent to the Government of Kerala for this purpose, and exemption or concession provisions in fiscal statutes were strictly construed against the assessee. The 5% benefit was therefore denied, and the 7% deduction was upheld. en-us Thu, 08 Oct 2015 00:00:00 +0530 Sat, 14 Jan 2017 06:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189610 A works contractor executing work for a wholly owned Government company was held not entitled to the 5% concessional compounded tax rate under Section 8 of the Kerala Value Added Tax Act because the concession was confined to works contracts awarded by the Government of Kerala, Kerala Water Authority, or local authorities. A Government company was not treated as equivalent to the Government of Kerala for this purpose, and exemption or concession provisions in fiscal statutes were strictly construed against the assessee. The 5% benefit was therefore denied, and the 7% deduction was upheld. Case-Laws VAT and Sales Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189610