https://www.taxtmi.com/caselaws?id=154072 Fabrication contracts were treated as partly contracts of sale and partly contracts for work and labour, depending on whether the raw material belonged to the purchasing plant or to the fabricator before processing. Where the material remained the plant's property, the activity was only work and labour; where the material was procured or supplied on cost-recovery basis and became the fabricator's property, the resulting supply was a sale. The Court also recognised that declarations for the concessional sales tax rate could be considered at the revisional stage, and the penalty had to be reconsidered after giving effect to the reduced tax rate. en-us Mon, 22 Mar 1982 00:00:00 +0530 Tue, 06 Aug 2013 15:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154072 Fabrication contracts were treated as partly contracts of sale and partly contracts for work and labour, depending on whether the raw material belonged to the purchasing plant or to the fabricator before processing. Where the material remained the plant's property, the activity was only work and labour; where the material was procured or supplied on cost-recovery basis and became the fabricator's property, the resulting supply was a sale. The Court also recognised that declarations for the concessional sales tax rate could be considered at the revisional stage, and the penalty had to be reconsidered after giving effect to the reduced tax rate. Case-Laws VAT and Sales Tax Mon, 22 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154072