https://www.taxtmi.com/caselaws?id=404683 Amounts collected by way of tax under the Karnataka Value Added Tax Act, 2003 are deductible from total turnover under Rule 3(2)(h) of the Karnataka Value Added Tax Rules, 2005, and therefore cannot be included in taxable turnover. The text also states that a revisional view denying such deduction on the ground that no express provision existed was erroneous, because the governing rule itself permitted the deduction. The stated effect is that TDS amounts collected under the Act should be excluded while computing taxable turnover. en-us Thu, 18 Feb 2021 00:00:00 +0530 Mon, 27 Dec 2021 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404683 Amounts collected by way of tax under the Karnataka Value Added Tax Act, 2003 are deductible from total turnover under Rule 3(2)(h) of the Karnataka Value Added Tax Rules, 2005, and therefore cannot be included in taxable turnover. The text also states that a revisional view denying such deduction on the ground that no express provision existed was erroneous, because the governing rule itself permitted the deduction. The stated effect is that TDS amounts collected under the Act should be excluded while computing taxable turnover. Case-Laws VAT and Sales Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404683