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VAT - Highlights / Catch Notes

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Major Relief to Developers in Haryana on VAT libaility and ...

VAT and Sales Tax

April 23, 2015

Major Relief to Developers in Haryana on VAT libaility and Valuation of Goods for impsition of VAT in Works Contract clarified by High Court of Punjab & Haryana in the case of CHD Developers. - Value Added Tax - VAT and CST

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  2. Valuation - The extra consideration received by the appellant over and above on actual insurance charges, is required to be added in the assessable value of the finished goods - AT

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  10. Valuation - Job-work - The valuation of job worked goods computed by the department on the basis of cost of raw material + job work charges is incorrect.

 

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