MJ Krishnamurthy's Expert Profile

Queries Replied : 1703

About me

I am a retired Assistant Commisioner of Commercial Taxes of Karnataka. I retired in 1998 at the age of 58.During this service I tried to go in detail about sales tax laws. Immeadiately after retirement some companies wanted to retain me as their consultant. That is how my touch with the subject of VAT laws continued.The website of CAclub india is giving a good opportunity to share my knowledge with others. I am an exserviceman from IAF. So, Iam a little different from other taxmen. We should do some service to the community that has offered us so much, That is my purpose.....Bye.

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GERALD QUADRAS says : VAT on flat purchase
Have sent the copy of the Supreme Court judgement to your email-id. Regards Gerry

MJ Krishnamurthy says : VAT on flat purchase
It is good information on a latest case.Please send a copy of it.My e-mail ID is mjkrishnamurthy@gmail.com.After going through I will give you my reply.....Thanks...mjk

GERALD QUADRAS says :
M/S LARSEN & TOUBRO LIMITED & ANR. Vs. STATE OF KARNATAKA & ANR. Date of Judgement: 26.09.2013: CIVIL APPEAL NO. 8672 OF 2013 Para 115 of the judgement reads as follows: "It may, however, be clarified that activity of construction undertaken by the developer would be works contract only from the stage the developer enters into a contract with the flat purchaser. The value addition made to the goods transferred after the agreement is entered into with the flat purchaser can only be made chargeable to tax by the State Government." You will get the judgement copy in website :http://judis.nic.in/supremecourt/chejudis.asp Alternatively if I can have your email-id, I will email the copy to you. Thanks

GERALD QUADRAS says :
M/S LARSEN & TOUBRO LIMITED & ANR. Vs. STATE OF KARNATAKA & ANR. Date of Judgement: 26.09.2013: CIVIL APPEAL NO. 8672 OF 2013 Para 115 of the judgement reads as follows: "It may, however, be clarified that activity of construction undertaken by the developer would be works contract only from the stage the developer enters into a contract with the flat purchaser. The value addition made to the goods transferred after the agreement is entered into with the flat purchaser can only be made chargeable to tax by the State Government." You will get the judgement copy in website :http://judis.nic.in/supremecourt/chejudis.asp Alternatively if I can have your email-id, I will email the copy to you. Thanks

MJ Krishnamurthy says : VAT on underconstruction property
Mr Gerald, Thanks for giving this information.I had replied on the basis of an earlier decision of the same court in the case of Ms Raheja builders Vs State of Kar.If have the case reference pl give or I will search for the case and get back to you....mjk