https://www.taxtmi.com/caselaws?id=151154 Transactions under a coupon circulation scheme are described as falling outside taxable sales where goods are obtained only after further coupon circulation, canvassing and payments by other participants. A sale requires transfer of property in goods under a contract supported by money consideration paid by the recipient. Where consideration is not confined to that payment and receipt of goods depends on third-party participation, the arrangement is characterised as a circulation scheme rather than a completed sale, with no sales tax liability or related penalty under the stated provisions. en-us Wed, 03 Mar 1976 00:00:00 +0530 Fri, 31 May 2013 16:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151154 Transactions under a coupon circulation scheme are described as falling outside taxable sales where goods are obtained only after further coupon circulation, canvassing and payments by other participants. A sale requires transfer of property in goods under a contract supported by money consideration paid by the recipient. Where consideration is not confined to that payment and receipt of goods depends on third-party participation, the arrangement is characterised as a circulation scheme rather than a completed sale, with no sales tax liability or related penalty under the stated provisions. Case-Laws VAT and Sales Tax Wed, 03 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151154