https://www.taxtmi.com/caselaws?id=444123 Preferential location charges and floor rise charges collected by a builder for buyer-specific location, floor or view preferences are consideration for a taxable service under the Finance Act, 1994, not part of the actual construction cost or works contract value under the Karnataka Value Added Tax Act, 2003. Because these charges are distinct from construction receipts and are already treated as service consideration, they cannot also be included in taxable turnover for VAT. The petitions were allowed, the impugned orders were set aside, and the levy of VAT on these charges was held unsustainable. en-us Wed, 23 Aug 2023 00:00:00 +0530 Tue, 10 Oct 2023 08:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444123 Preferential location charges and floor rise charges collected by a builder for buyer-specific location, floor or view preferences are consideration for a taxable service under the Finance Act, 1994, not part of the actual construction cost or works contract value under the Karnataka Value Added Tax Act, 2003. Because these charges are distinct from construction receipts and are already treated as service consideration, they cannot also be included in taxable turnover for VAT. The petitions were allowed, the impugned orders were set aside, and the levy of VAT on these charges was held unsustainable. Case-Laws VAT and Sales Tax Wed, 23 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444123