https://www.taxtmi.com/caselaws?id=158762 Materials supplied to contractors only for incorporation in construction, with title retained by the owner and the contractor obliged to account for consumption and return surplus stock, do not amount to a sale under the U.P. Sales Tax Act, 1948. The court held that the contractual terms negatived any absolute transfer of property in the cement, iron and steel, and mere debit or credit entries did not change the legal character of the transaction. As no sale occurred, the undertaking was not liable to sales tax on the supply. en-us Wed, 01 Mar 1995 00:00:00 +0530 Wed, 06 Nov 2013 17:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158762 Materials supplied to contractors only for incorporation in construction, with title retained by the owner and the contractor obliged to account for consumption and return surplus stock, do not amount to a sale under the U.P. Sales Tax Act, 1948. The court held that the contractual terms negatived any absolute transfer of property in the cement, iron and steel, and mere debit or credit entries did not change the legal character of the transaction. As no sale occurred, the undertaking was not liable to sales tax on the supply. Case-Laws VAT and Sales Tax Wed, 01 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158762