The Supreme Court has held that iron and steel reinforcements of cement concrete does not lose their character as iron and steel at the point of accretion in a works contract. Hence they cannot be taxed at a higher rate levied in respect of civil construction. The judgment was delivered by a Bench of Justices AK Sikri and Rohinton Fali Nariman in a batch of appeals concerning the rate of taxability of “declared goods” under Section 14 of the Central Sales tax Act, 1956. All the appeals were from Karnataka and related to the provisions of Karnataka Sales Tax Act, 1957 […]
The post Iron, Steel used in concrete reinforcement cannot be taxed at higher rate, Supreme Court
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