https://www.taxtmi.com/caselaws?id=162526 The transaction was treated as a sale rather than a works contract because the agreement was structured as a purchase order, the parties were described as purchaser and manufacturer/vendor, and the terms covered price, delivery, warranty, indemnity, insurance and taxes on the full value of the vessels. Most materials were to be supplied by the manufacturer, with only limited free-issue material supplied by the purchaser, indicating that property in the materials and finished vessels remained with the manufacturer until delivery for consideration. Taxability of the free-supplied materials was left open for the assessing authority, with liberty to seek refund if excess tax had been realised. en-us Tue, 18 Apr 2006 00:00:00 +0530 Sat, 01 Mar 2014 12:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162526 The transaction was treated as a sale rather than a works contract because the agreement was structured as a purchase order, the parties were described as purchaser and manufacturer/vendor, and the terms covered price, delivery, warranty, indemnity, insurance and taxes on the full value of the vessels. Most materials were to be supplied by the manufacturer, with only limited free-issue material supplied by the purchaser, indicating that property in the materials and finished vessels remained with the manufacturer until delivery for consideration. Taxability of the free-supplied materials was left open for the assessing authority, with liberty to seek refund if excess tax had been realised. Case-Laws VAT and Sales Tax Tue, 18 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162526