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2021 (11) TMI 4 - HC - VAT and Sales TaxValuation - difference in labour charges - in excess of eligibility or not - standard rate of deduction in respect of labour and like charges - applicability of Rule 3(2)(m) of Karnataka Value Added Tax Rules on the gross turn over of the dealer inclusive of the tax collected from its customers - HELD THAT:- The total amount paid or payable to the dealer for consideration for transfer of property in goods (whether as goods or in some other form) involved in the execution of works contract including any amount paid as advance to the dealer as a part of such consideration, the entire contract of such value has to be considered as per clause (l) of Rule 3(2) - Even the payment of tax under composition scheme under Section 15(1)(b) of the KVAT Act which employs the phrase “total consideration” of contract necessarily is inclusive of tax collected as there is a deduction provided before the taxable value is determined. The meaning assigned to the phrase “value of the contract” by the Tribunal that it includes all the amount received whether as taxes or labour cannot be faulted with - there are no perversity or illegality in the order impugned. Revision petition dismissed.
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