https://www.taxtmi.com/caselaws?id=421262 A transaction with TCS was held to remain a works contract under the West Bengal Value Added Tax Act, 2003, rather than a sale simpliciter. The Court distinguished the statutory definitions of sale and works contract, holding that the deeming fiction in Section 14 only brought the transfer of property in goods involved in execution of a works contract to tax. It refused to expand the definition of sale to include deemed sales for zero-rating purposes and held that Section 21A applied only to the specific categories of sales listed in Schedule AA. The transaction therefore did not qualify as zero-rated. en-us Mon, 18 Apr 2022 00:00:00 +0530 Thu, 25 May 2023 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421262 A transaction with TCS was held to remain a works contract under the West Bengal Value Added Tax Act, 2003, rather than a sale simpliciter. The Court distinguished the statutory definitions of sale and works contract, holding that the deeming fiction in Section 14 only brought the transfer of property in goods involved in execution of a works contract to tax. It refused to expand the definition of sale to include deemed sales for zero-rating purposes and held that Section 21A applied only to the specific categories of sales listed in Schedule AA. The transaction therefore did not qualify as zero-rated. Case-Laws VAT and Sales Tax Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421262