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of <h1>Transfer of Title and Possession Needed for Goods Supply; Schedule II (1)(b) Clarifies Service vs. Goods Classification.</h1> For a transaction to be considered a supply of goods, both the transfer of title and possession are necessary. If only possession is transferred without the title, the transaction is regarded as a supply of service according to Schedule II (1)(b). In scenarios where possession is transferred immediately but the title is transferred later, such as in sales on approval or hire purchase agreements, these are still classified as supplies of goods.
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