Guidelines for differential tax on works contract provided due to change in tax regime from VAT to GST

N.R. Kulkarni Nrk Construction Company Vs Union of India (Karnataka High Court) Karnataka High Court provides guidelines for arriving at differential tax amount due to change in tax regime from VAT to GST on works contract executed with various State Government agencies. Facts- The Petitioners herein are class-I contractors who have entered into ‘works contract’ with various State Govt agencies and that the agreements were entered into at a point of time when the KVAT Act and Finance Act 1994 were in force. It is also not in dispute that the Petitioners are either covered under Compositio...