https://www.taxtmi.com/caselaws?id=414649 Section 15(5)(a) of the Karnataka Value Added Tax Act was interpreted to mean that, for works contracts using goods purchased from outside the State or India, tax under Section 4 is payable only on the purchase value of those goods. The Court held that the phrase "value of such goods" is plain and unambiguous and cannot be expanded by adding gross profit or any other notional amount. Applying the rule that a taxing provision must be construed as written, the Court rejected any enlargement of the charging base beyond the statutory language and accepted the assessee's construction. en-us Thu, 30 Sep 2021 00:00:00 +0530 Sat, 13 Nov 2021 20:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414649 Section 15(5)(a) of the Karnataka Value Added Tax Act was interpreted to mean that, for works contracts using goods purchased from outside the State or India, tax under Section 4 is payable only on the purchase value of those goods. The Court held that the phrase "value of such goods" is plain and unambiguous and cannot be expanded by adding gross profit or any other notional amount. Applying the rule that a taxing provision must be construed as written, the Court rejected any enlargement of the charging base beyond the statutory language and accepted the assessee's construction. Case-Laws VAT and Sales Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414649