https://www.taxtmi.com/caselaws?id=363092 The High Court affirmed that iron and steel goods used in works contracts for fabrication purposes, incorporated into buildings and structures, were not exempt from tax under the Central Sales Tax Act. The court held that such goods retained their character as declared goods and were subject to taxation at a concessional rate. The judgment aligned with Supreme Court precedents, emphasizing that goods maintaining their commercial identity post-processing could not be taxed again. Revision Petitions were disposed of similarly, with no costs imposed, providing a detailed analysis of the tax treatment of iron and steel goods in works contracts. en-us Fri, 29 Jun 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363092 The High Court affirmed that iron and steel goods used in works contracts for fabrication purposes, incorporated into buildings and structures, were not exempt from tax under the Central Sales Tax Act. The court held that such goods retained their character as declared goods and were subject to taxation at a concessional rate. The judgment aligned with Supreme Court precedents, emphasizing that goods maintaining their commercial identity post-processing could not be taxed again. Revision Petitions were disposed of similarly, with no costs imposed, providing a detailed analysis of the tax treatment of iron and steel goods in works contracts. Case-Laws VAT and Sales Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363092