Court Rules Against Including Material Costs in Works Contract u/r 3; No Retrospective Tax Amendments Allowed. https://www.taxtmi.com/highlights?id=57261 Valuation - inclusion of value of materials supplied by the respondent under a separate material supply contract with EDAs in the gross value of Works Contract Service - Rule 3 of Works Contract (Composition Scheme for payment of Service tax) Rules, 2007 - If the contention of the revenue is accepted it will amount to give retrospective effect to the amendment of 07.07.2009 which is not permissible under law - AT en-us Mon, 22 Mar 2021 11:39:10 +0530 Mon, 22 Mar 2021 11:39:10 +0530 TaxTMI RSS Generator Court Rules Against Including Material Costs in Works Contract u/r 3; No Retrospective Tax Amendments Allowed. https://www.taxtmi.com/highlights?id=57261 Valuation - inclusion of value of materials supplied by the respondent under a separate material supply contract with EDAs in the gross value of Works Contract Service - Rule 3 of Works Contract (Composition Scheme for payment of Service tax) Rules, 2007 - If the contention of the revenue is accepted it will amount to give retrospective effect to the amendment of 07.07.2009 which is not permissible under law - AT Highlights Service Tax Mon, 22 Mar 2021 11:39:10 +0530 https://www.taxtmi.com/highlights?id=57261