<h1>Kerala High Court Rules SIM Card Value Taxable as Service Under Finance Act, 1994, Not as Goods.</h1> The Kerala High Court addressed whether the value of SIM cards should be included in the taxable service under the Finance Act, 1994, or taxed as goods under the Sales Tax Act. The court observed that different mobile operators had varied approaches; some paid service tax on the SIM card's value, while others paid sales tax. The Supreme Court had previously noted that the transaction might be a composite contract of service and sale. The Kerala High Court concluded that SIM cards, essential for mobile services, have no intrinsic value as goods, and their value should be included in the taxable service, making service tax applicable.