https://www.taxtmi.com/caselaws?id=414021 Works-contract taxable turnover excludes labour and service components and allied establishment expenses that do not involve transfer of property in goods. Bank charges, guesthouse charges, fuel charges, computer expenses and entertainment charges incurred in executing the contract fall within deductible establishment-related and similar expenses where relatable to labour and services. Rule 3(2)(l) permits deduction of such actual expenditure so that tax is confined to the value of goods transferred under the works contract. The claimed deductions were therefore allowable, and the assessment-related disallowance was not sustained. en-us Thu, 16 Sep 2021 00:00:00 +0530 Tue, 26 Oct 2021 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414021 Works-contract taxable turnover excludes labour and service components and allied establishment expenses that do not involve transfer of property in goods. Bank charges, guesthouse charges, fuel charges, computer expenses and entertainment charges incurred in executing the contract fall within deductible establishment-related and similar expenses where relatable to labour and services. Rule 3(2)(l) permits deduction of such actual expenditure so that tax is confined to the value of goods transferred under the works contract. The claimed deductions were therefore allowable, and the assessment-related disallowance was not sustained. Case-Laws VAT and Sales Tax Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414021