In a very recent landmark judgment honorable Supreme Court has defined the issue on levy of Sales Tax and Service Tax on the same transaction - Decision in the matter of State of U.P. v. Union of India has been overruled.

In a very recent landmark judgment honorable Supreme Court has defined the issue on levy of Sales Tax and Service Tax on the same transaction - Decision in the matter of State of U.P. v. Union of India has been overruled. https://www.taxtmi.com/news?id=251 Payments of service tax and value added tax are mutually exclusive and must be applied according to their respective parameters. In composite contracts containing both goods and services, tax liability should be attributed to the nature of each separable element rather than taxing the entire contract under sales tax. Goods, whether tangible or incorporeal, must be deliverable to attract sales tax, and earlier precedent taking a contrary approach is disapproved. en-us Sat, 12 Jan 2008 11:45:00 +0530 Wed, 25 Jun 2008 09:49:00 +0530 TaxTMI RSS Generator In a very recent landmark judgment honorable Supreme Court has defined the issue on levy of Sales Tax and Service Tax on the same transaction - Decision in the matter of State of U.P. v. Union of India has been overruled. https://www.taxtmi.com/news?id=251 Payments of service tax and value added tax are mutually exclusive and must be applied according to their respective parameters. In composite contracts containing both goods and services, tax liability should be attributed to the nature of each separable element rather than taxing the entire contract under sales tax. Goods, whether tangible or incorporeal, must be deliverable to attract sales tax, and earlier precedent taking a contrary approach is disapproved. News - Sat, 12 Jan 2008 11:45:00 +0530 https://www.taxtmi.com/news?id=251