https://www.taxtmi.com/caselaws?id=158980 Supply of building materials by a contractee to a contractor for use in construction may amount to a sale where the contract makes the materials the contractor's property on supply and makes their value recoverable from the contractor. The controlling factor is the contractual terms governing ownership and liability, not merely the form of the works arrangement. If the contract does not preserve the contractee's ownership and the materials pass to the contractor for value, the transaction is treated as a sale rather than a mere custody or trust arrangement, and sales tax is attracted accordingly under the U.P. Sales Tax Act. en-us Thu, 14 Sep 1995 00:00:00 +0530 Tue, 12 Nov 2013 14:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158980 Supply of building materials by a contractee to a contractor for use in construction may amount to a sale where the contract makes the materials the contractor's property on supply and makes their value recoverable from the contractor. The controlling factor is the contractual terms governing ownership and liability, not merely the form of the works arrangement. If the contract does not preserve the contractee's ownership and the materials pass to the contractor for value, the transaction is treated as a sale rather than a mere custody or trust arrangement, and sales tax is attracted accordingly under the U.P. Sales Tax Act. Case-Laws VAT and Sales Tax Thu, 14 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158980