https://www.taxtmi.com/article/detailed?id=893 Classification turns on the dominant object: if the principal purpose is transfer of moveable property as a chattel for a price it is a contract of sale; if the principal purpose is performance of work and labour with materials incidental it is a works contract. Key indicia include identifiable existence of the article prior to delivery, timing and mode of transfer of title (delivery as chattel versus accession during manufacture), contract terms, surrounding circumstances and trade custom; substance prevails over form. A contract primarily for construction services will be regarded as a works contract where building and labour are the core obligations. en-us Tue, 03 Aug 2010 00:00:00 +0530 Tue, 03 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=893 Classification turns on the dominant object: if the principal purpose is transfer of moveable property as a chattel for a price it is a contract of sale; if the principal purpose is performance of work and labour with materials incidental it is a works contract. Key indicia include identifiable existence of the article prior to delivery, timing and mode of transfer of title (delivery as chattel versus accession during manufacture), contract terms, surrounding circumstances and trade custom; substance prevails over form. A contract primarily for construction services will be regarded as a works contract where building and labour are the core obligations. Articles Value Added Tax - VAT and CST Tue, 03 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=893