VAT on Works Contracts Excludes Preferential Location Charges; Revenue's Rejection of Exemption Request Deemed Unsustainable.

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....Levy of VAT on works contract - Exclusion of Prime Location charges - By definition, ‘works contract’ does not include preferential location. Therefore the Revenue rejecting assessee’s request to exempt PLC/FRC from payment of KVAT is not sustainable in law. - HC....