Executive Excise
1839 Points
Joined January 2008
Dear AK Dubey sir,
As per my knowledge Tangible goods defition here I am producing
Scope of Supply of Tangible Goods for Use service-
(1) Transfer of the right to use any goods is leviable to sales tax/ VAT as deemed sale
of goods [Article 366(29A)(d) of the Constitution of India]. Transfer of right to use
involves transfer of both possession and control of the goods to the user of the
goods.
(2) Excavators, wheel loaders, dump trucks, crawler carriers, compaction equipment,
cranes, etc., offshore construction vessels & barges, geo-technical vessels, tug and
barge flotillas, rigs and high value machineries are supplied for use, with no legal
right of possession and effective control. Transaction of allowing another person to
use the goods, without giving legal right of possession and effective control, not
being treated as sale of goods, is treated as service.
There is no Tractor name included in above definition na sir.
Please clarify?
CAclubindia
