https://www.taxtmi.com/caselaws?id=355030 Declared goods used in civil works contracts do not lose their character merely because they are cut, adapted, or otherwise changed in form during execution, so they remain taxable at the rate applicable to declared goods. Applying binding Supreme Court precedent, the Karnataka HC treated the issue as already settled and held that iron and steel used in works contracts under the Karnataka Value Added Tax Act could not be taxed at a higher rate on that footing. The Tribunal's relief in favour of the assessees was left undisturbed, and the State's revision petitions were dismissed. en-us Wed, 29 Nov 2017 00:00:00 +0530 Fri, 09 Feb 2018 07:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355030 Declared goods used in civil works contracts do not lose their character merely because they are cut, adapted, or otherwise changed in form during execution, so they remain taxable at the rate applicable to declared goods. Applying binding Supreme Court precedent, the Karnataka HC treated the issue as already settled and held that iron and steel used in works contracts under the Karnataka Value Added Tax Act could not be taxed at a higher rate on that footing. The Tribunal's relief in favour of the assessees was left undisturbed, and the State's revision petitions were dismissed. Case-Laws VAT and Sales Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355030