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VAT - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Works contract - transfer of material purchased by the assessee ...


High Court Rules Transfer of Construction Materials to Contractor Qualifies as 'Sale' Under VAT and Sales Tax Laws.

February 23, 2017

Case Laws     VAT and Sales Tax     HC

Works contract - transfer of material purchased by the assessee at concessional rate to contractor - whether such arrangement, permitting utilization of construction materials by contractor and adjustment of its consideration in the contractor's account, would constitute an act of 'sale' - Held Yes - HC

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