https://www.taxtmi.com/caselaws?id=414223 The Court ruled in favor of the assessee, upholding the Tribunal's decision and dismissing the revision petition filed by the State. The interpretation of Rule 3(2)(m) regarding the deduction of labour charges in works contracts was affirmed, emphasizing that the value of the contract includes all amounts received, including taxes and labour charges. The judgment provides clarity on the application of deductions in determining taxable turnover under the KVAT Act, ensuring compliance with the prescribed rules and regulations. 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 The Court ruled in favor of the assessee, upholding the Tribunal's decision and dismissing the revision petition filed by the State. The interpretation of Rule 3(2)(m) regarding the deduction of labour charges in works contracts was affirmed, emphasizing that the value of the contract includes all amounts received, including taxes and labour charges. The judgment provides clarity on the application of deductions in determining taxable turnover under the KVAT Act, ensuring compliance with the prescribed rules and regulations. Case-Laws VAT and Sales Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414223