HC affirms deduction of 25% for labour charges for work contract in absence of any books of account

CST & VAT : Where assessee was engaged in execution of works contract and it had not maintained books of account and had also not produced bills and vouchers pertaining to labour charges, Assessing Authority was justified in allowing deduction towards labour charges and like expenses to an extent of 25 per cent as per rate specified under Entry No. 14 of Table given below rule 3(2)(m) of Karnataka Value Added Tax Rules, 2005