KVAT: Prime Location Charges/Floor Rise Charges not includible in Taxable Service

Smart Value Homes (Peenya Project) Private Limited Vs Joint Commissioner Commercial Taxes (Karnataka High Court) 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 ...