Prime Location Charges/Floor Rise Charges would not be included in Taxable Service under VAT
Last updated: 07 October 2023
Court :
Karnataka High Court
Brief :
The Hon'ble Karnataka High Court in the case M/s. Smart Value Homes (Peenya Projects) Private Limited vs. Joint Commissioner, Commercial Taxes (Appeals) and Others [S.T.R.P No. 47 of 2022 dated August 23, 2023] allowed the revision petition and held that the Prime Location Charges ("PLC")/ Floor Rise Charges ("FRC") would not fall within the definition of works contract under the Karnataka Value Added Tax Act, 2003 ("the KVAT Act") and such charges incurred by the buyer would fall within the purview of Service Tax.
Citation :
S.T.R.P No. 47 of 2022 dated August 23, 2023
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Bimal Jain
Published in VAT
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