https://www.taxtmi.com/caselaws?id=420339 A reassessment under Section 12(8) of the Orissa Sales Tax Act was upheld because it was based on tangible material from the Circle Inspector and an audit objection, not a mere change of opinion. Transport charges were includible in taxable turnover since the contract was a composite works contract and freight or delivery cost was not separately charged. However, the entire contract receipt could not be treated as sale consideration for ballast supply, as the Tribunal erred in recharacterising the full value as taxable sale price. The revisions were disposed of accordingly, with consequential adjustment of tax already paid. en-us Mon, 21 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420339 A reassessment under Section 12(8) of the Orissa Sales Tax Act was upheld because it was based on tangible material from the Circle Inspector and an audit objection, not a mere change of opinion. Transport charges were includible in taxable turnover since the contract was a composite works contract and freight or delivery cost was not separately charged. However, the entire contract receipt could not be treated as sale consideration for ballast supply, as the Tribunal erred in recharacterising the full value as taxable sale price. The revisions were disposed of accordingly, with consequential adjustment of tax already paid. Case-Laws VAT and Sales Tax Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420339