Saturday 16 May 2015

Harayana VAT must incorporate provisions to exclude value of land from works contract: High Court

CST & VAT : Haryana VAT - Where assessee, a builder/developer, entered into agreements with prospective buyers to construct flats, etc. and thereafter sell same with some portion of land against valuable consideration, activity of assessee would be covered under term 'works contract' and Assessing Authority was to be directed to pass fresh assessment order

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