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.............................................................................................................................DescriptionConsequent to the interpretation placed by the Supreme Court of India on the term 'sale' after its judgement over 1st Gannon Dunkerly & Co. case, the meaning of 'sale' has widened the taxation horizon. This in turn has brought certain non-sale transactions within the scheme of taxation law which also includes works contract tax.Works Contract Tax explores the changed concept of sale both on account of amendment to the state Sales Tax Acts and procedure and bringing about statutory compliance by the contractors.Keeping in view the unique nature of construction industry activity, their accounting and documentation procedure etc., the authors have discussed, in detail, matters regarding computation of gross turnover, taxable turnover as well as claiming eligible deduction. Moreover, the legal aspects of enacting the TDS provision under the Sales Tax Act have been appropriately dealt with, in the book..............................................................................................................................ContentsChapter 1. Article 366(29a)(b) - A Historical LookChapter 2. Nature of the Contract: Divisible or Indivisible?Chapter 3. Ascertaining the Gross TurnoverChapter 4. Eligible Exclusions - Supreme Court GuidelinesChapter 5. Sub-contractorsChapter 6. Tax-Paid GoodsChapter 7. Client’s MaterialsChapter 8. Interstate Deemed SalesChapter 9. Computation of Taxable TurnoverChapter 10. Computing Tax LiabilityChapter 11. Tax Deduction at SourceAppendicesAppendix 1 - The Constitution (46th Amendment) Act, 1982Appendix 2 - Extracts from the Gannon Dunkerely case and th Larsen and Turbo caseAppendix 3 - A Bird's Eye View.............................................................................................................................Author DetailsP. Purushotham, B Com, B L, Dip in Accy & Taxation Laws (Madras University)P.R. Subramaniyan, B Com, B G L, Dip in Taxation (Madras University).............................................................................................................................
