https://www.taxtmi.com/caselaws?id=414223 Under the Karnataka VAT scheme, deduction of labour and like charges under Rule 3(2)(m) is computed on the "value of the contract", which the analysis treats as including tax collected from customers. The scheme distinguishes actual labour charges under Rule 3(2)(l) from the standard deduction in Rule 3(2)(m) where such charges are not ascertainable, and determines taxable turnover only after the prescribed deductions from total turnover. On that basis, the contractual value is read as the full amount payable under the works contract unless the statute expressly excludes tax collected. en-us Thu, 23 Sep 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:08:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414223 Under the Karnataka VAT scheme, deduction of labour and like charges under Rule 3(2)(m) is computed on the "value of the contract", which the analysis treats as including tax collected from customers. The scheme distinguishes actual labour charges under Rule 3(2)(l) from the standard deduction in Rule 3(2)(m) where such charges are not ascertainable, and determines taxable turnover only after the prescribed deductions from total turnover. On that basis, the contractual value is read as the full amount payable under the works contract unless the statute expressly excludes tax collected. Case-Laws VAT and Sales Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414223