https://www.taxtmi.com/caselaws?id=101551 The Supreme Court held that a contract for manufacture and supply of wagons was a contract of sale, not a works contract, because the agreement had to be read as a whole and the decisive factor was when property in the completed goods passed. The wagons became the purchaser's property only on payment of 90% of the price, with the balance payable on delivery and certification, while the advance-payment and material clauses did not transfer ownership of raw materials. Clauses on inspection, surplus materials, defects, and tax were consistent with the seller retaining ownership until completion. Sales tax therefore applied, and the purchaser had to reimburse the company under the contract. en-us Wed, 06 Apr 1977 00:00:00 +0530 Mon, 19 May 2014 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101551 The Supreme Court held that a contract for manufacture and supply of wagons was a contract of sale, not a works contract, because the agreement had to be read as a whole and the decisive factor was when property in the completed goods passed. The wagons became the purchaser's property only on payment of 90% of the price, with the balance payable on delivery and certification, while the advance-payment and material clauses did not transfer ownership of raw materials. Clauses on inspection, surplus materials, defects, and tax were consistent with the seller retaining ownership until completion. Sales tax therefore applied, and the purchaser had to reimburse the company under the contract. Case-Laws VAT and Sales Tax Wed, 06 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101551