https://www.taxtmi.com/caselaws?id=343384 Construction undertaken by a developer on its own land can still constitute a works contract where, before completion, the parties enter into an arrangement for construction for valuable consideration and payments are received under that arrangement. The ownership of the land does not exclude the expanded constitutional meaning of works contract under Article 366(29-A)(b). In such a composite transaction, the transfer of property in goods used in construction is taxable even though the end product is immovable property. On the admitted facts, the construction arrangement and receipt of funds established the essential ingredients of a works contract. en-us Fri, 19 May 2017 00:00:00 +0530 Tue, 27 Mar 2018 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343384 Construction undertaken by a developer on its own land can still constitute a works contract where, before completion, the parties enter into an arrangement for construction for valuable consideration and payments are received under that arrangement. The ownership of the land does not exclude the expanded constitutional meaning of works contract under Article 366(29-A)(b). In such a composite transaction, the transfer of property in goods used in construction is taxable even though the end product is immovable property. On the admitted facts, the construction arrangement and receipt of funds established the essential ingredients of a works contract. Case-Laws VAT and Sales Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343384