TMI BlogHigh Court mandates valuation of work contract expenditure u/r 3(2)(m) KVAT Rules when records are unavailable.Valuation of Works Countract - In the absence of necessary records, the expenditure incurred for the work contract has to be assessed invoking Rule 3(2)(m) of the KVAT Rules - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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