Clarification on Tax Rate for Goods in Construction Contracts; Independent of Contract Execution; Relates to Entry No. 234.

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Full Text of the Document

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....Construction service - works contract - Rate of tax on goods supplied under the contract, independent of the Works Contract being executed in the contract. - Applicability of Explanation to Entry No. 234 - in case of a Works Contract, the explanation to Entry No. 234 shall apply if and only if, the goods the title in which is/'are being transferred during the execution of Works Contract find a place in Entry No. 234. Works Contract in relation to any of the goods listed in Entry No. 234, where such goods are not part of the Works Contract shall not merit taxation under Entry No. 234. - AAR....