Build, Operate, Transfer and fight litigation to Supreme Court

Dear Prakasa,

It was indeed very enlightening to read your thoughts on the recent Asoka Infra ruling. What is perhaps ignored by the learned Tribunal is that the Toll to be recovered by the 'contractor' is fixed by the Project Authority and hence it is indeed difficult to estimate the Contract value at the commencement of the works and related quantification of liability. In the absence of clear guidelines to the affected Contractors, assessing the Toll receipts to VAT is a bit harsh on the contractors and the Project Authorities who may not have factored such additional cost.

Wish, the State Government had first clarified on this issue before raising the demands.

Keep the good work going Prakasa!

Well wisher

gajanan khare 15/12/2014