Supreme Court: Turnover of Sub-Contractor to be ducted from Main Contractor’s VAT Turnover for Avoidance of Double Taxation

Supreme Court: Turnover of Sub-Contractor to be ducted from Main Contractor’s VAT Turnover for Avoidance of Double Taxation https://www.taxtmi.com/article/detailed?id=15427 Principal contractors may deduct payments made to registered sub-contractors from their total consideration for works contracts for computing VAT under the composition scheme, provided those sub-contractors have accounted for and paid VAT on those amounts, to avoid double taxation and because sales in works contracts occur by accretion and tax follows the person executing the work. en-us Wed, 19 Nov 2025 08:53:19 +0530 Wed, 19 Nov 2025 08:53:19 +0530 TaxTMI RSS Generator Supreme Court: Turnover of Sub-Contractor to be ducted from Main Contractor’s VAT Turnover for Avoidance of Double Taxation https://www.taxtmi.com/article/detailed?id=15427 Principal contractors may deduct payments made to registered sub-contractors from their total consideration for works contracts for computing VAT under the composition scheme, provided those sub-contractors have accounted for and paid VAT on those amounts, to avoid double taxation and because sales in works contracts occur by accretion and tax follows the person executing the work. Articles Value Added Tax - VAT and CST Wed, 19 Nov 2025 08:53:19 +0530 https://www.taxtmi.com/article/detailed?id=15427