https://www.taxtmi.com/article/detailed?id=1695 Transfer of right to use tangible goods is a deemed sale when the transferee obtains legal right, effective control and possession of specified goods for a period for consideration; if possession and effective control remain with the owner and only use is permitted, the transaction is a taxable service. The distinction depends on contract terms and surrounding facts, with judicial attributes including availability of goods, consensus on identity, transferee's legal entitlement, exclusion of the owner during use, and inability of the owner to re-transfer the same rights. en-us Mon, 16 Apr 2012 16:51:53 +0530 Mon, 16 Apr 2012 16:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1695 Transfer of right to use tangible goods is a deemed sale when the transferee obtains legal right, effective control and possession of specified goods for a period for consideration; if possession and effective control remain with the owner and only use is permitted, the transaction is a taxable service. The distinction depends on contract terms and surrounding facts, with judicial attributes including availability of goods, consensus on identity, transferee's legal entitlement, exclusion of the owner during use, and inability of the owner to re-transfer the same rights. Articles Value Added Tax - VAT and CST Mon, 16 Apr 2012 16:51:53 +0530 https://www.taxtmi.com/article/detailed?id=1695