https://www.taxtmi.com/caselaws?id=98766 The constitutional expression "sale of goods" under Entry 48 of List II was understood to cover only a completed sale involving transfer of property, not forward contracts or agreements to sell. On that construction, sales tax could arise only when the seller became entitled to recover the price after transfer of property, so a mere contractual arrangement to sell was outside the taxing entry. The commentary further states that the U.P. Sales Tax Act could not validly deem forward contracts to be sales or tax turnover where goods were not actually delivered, because the State could not enlarge the constitutional meaning of sale by legislation. en-us Mon, 03 May 1954 00:00:00 +0530 Mon, 03 Nov 2025 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98766 The constitutional expression "sale of goods" under Entry 48 of List II was understood to cover only a completed sale involving transfer of property, not forward contracts or agreements to sell. On that construction, sales tax could arise only when the seller became entitled to recover the price after transfer of property, so a mere contractual arrangement to sell was outside the taxing entry. The commentary further states that the U.P. Sales Tax Act could not validly deem forward contracts to be sales or tax turnover where goods were not actually delivered, because the State could not enlarge the constitutional meaning of sale by legislation. Case-Laws VAT / Sales Tax Mon, 03 May 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98766