https://www.taxtmi.com/caselaws?id=383021 Tax exemption for imported equipment under Section 5(2) of the CST Act was not finally sustained because the contractual chain, reimbursement of customs duty, and whether the import was made on behalf of the awarder were not clearly established; the exemption finding was set aside and remitted. Turnover from goods transferred in execution of a works contract also required fresh consideration because the applicable version of Rule 9(2A)(a) and the treatment of purchase value and incidental charges were not conclusively examined. Input tax credit based on Form 8B invoices was likewise left open for reconsideration. The Tribunal's order was therefore set aside only on these issues, with the remaining findings undisturbed. en-us Fri, 07 Jun 2019 00:00:00 +0530 Tue, 16 Jul 2019 07:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383021 Tax exemption for imported equipment under Section 5(2) of the CST Act was not finally sustained because the contractual chain, reimbursement of customs duty, and whether the import was made on behalf of the awarder were not clearly established; the exemption finding was set aside and remitted. Turnover from goods transferred in execution of a works contract also required fresh consideration because the applicable version of Rule 9(2A)(a) and the treatment of purchase value and incidental charges were not conclusively examined. Input tax credit based on Form 8B invoices was likewise left open for reconsideration. The Tribunal's order was therefore set aside only on these issues, with the remaining findings undisturbed. Case-Laws VAT and Sales Tax Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383021