https://www.taxtmi.com/caselaws?id=753779 Under the Kerala Value Added Tax scheme, the taxable base in a works contract was confined to the value of goods transferred in execution of the contract, so the absence of an express deduction entry for the land component did not render the levy on flat construction unenforceable; the assessee was expected to segregate land value in its disclosures, and the challenge to the levy failed. For the assessment years in question, however, an unexplained flat 5% deduction for land could not be sustained, and the turnover had to be recomputed on a reasoned basis drawn from the available records; the matter was remanded for fresh determination. en-us Mon, 10 Jun 2024 00:00:00 +0530 Fri, 22 May 2026 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753779 Under the Kerala Value Added Tax scheme, the taxable base in a works contract was confined to the value of goods transferred in execution of the contract, so the absence of an express deduction entry for the land component did not render the levy on flat construction unenforceable; the assessee was expected to segregate land value in its disclosures, and the challenge to the levy failed. For the assessment years in question, however, an unexplained flat 5% deduction for land could not be sustained, and the turnover had to be recomputed on a reasoned basis drawn from the available records; the matter was remanded for fresh determination. Case-Laws VAT / Sales Tax Mon, 10 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753779