https://www.taxtmi.com/caselaws?id=428821 Works contract turnover under the Tamil Nadu VAT framework must be computed strictly in accordance with Rule 8(5), by excluding amounts relatable to exempt goods, sub-contract payments, and labour or other non-transfer charges. An assessment that adopts a deemed sale value for the entire contract at the first stage, rather than the statutory method for arriving at taxable turnover, is not sustainable. The impugned assessments were set aside and the matter was remanded for fresh assessment de novo in accordance with Rule 8(5). en-us Thu, 29 Sep 2022 00:00:00 +0530 Wed, 12 Oct 2022 09:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428821 Works contract turnover under the Tamil Nadu VAT framework must be computed strictly in accordance with Rule 8(5), by excluding amounts relatable to exempt goods, sub-contract payments, and labour or other non-transfer charges. An assessment that adopts a deemed sale value for the entire contract at the first stage, rather than the statutory method for arriving at taxable turnover, is not sustainable. The impugned assessments were set aside and the matter was remanded for fresh assessment de novo in accordance with Rule 8(5). Case-Laws VAT and Sales Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428821