https://www.taxtmi.com/caselaws?id=760649 The HC dismissed the OT Revision petitions, ruling in favor of the respondent, a works contractor, regarding eligibility for a concessional 4% tax rate under Section 8(a)(ii) of the Kerala VAT Act for 2015-2016. The Court upheld the Appellate Tribunal's decision, confirming that imported goods were returned to the supplier without incorporation into works contracts, thus negating the conditions for a 7% tax rate under Section 8(a)(i). The lack of CST registration and the return of goods were pivotal in the Court's decision to affirm the respondent's eligibility for the concessional rate. en-us Tue, 22 Oct 2024 00:00:00 +0530 Fri, 25 Oct 2024 08:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760649 The HC dismissed the OT Revision petitions, ruling in favor of the respondent, a works contractor, regarding eligibility for a concessional 4% tax rate under Section 8(a)(ii) of the Kerala VAT Act for 2015-2016. The Court upheld the Appellate Tribunal's decision, confirming that imported goods were returned to the supplier without incorporation into works contracts, thus negating the conditions for a 7% tax rate under Section 8(a)(i). The lack of CST registration and the return of goods were pivotal in the Court's decision to affirm the respondent's eligibility for the concessional rate. Case-Laws VAT / Sales Tax Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760649