https://www.taxtmi.com/caselaws?id=162692 Refundable security deposits collected from LPG customers for cylinders and pressure regulators were held not to form part of sale consideration or sale turnover under the Punjab General Sales Tax Act, 1948. The court treated the deposits as refundable and the equipment as a means of carrying gas, not as goods sold in the taxable transaction. Earlier binding precedent on identical facts controlled the issue, and the references to the Sale of Goods Act, 1930 and the Cylinder Rules, 1981 did not change the result. The issue was answered against the Revenue and in favour of the assessee. en-us Wed, 18 Oct 2006 00:00:00 +0530 Wed, 12 Mar 2014 17:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162692 Refundable security deposits collected from LPG customers for cylinders and pressure regulators were held not to form part of sale consideration or sale turnover under the Punjab General Sales Tax Act, 1948. The court treated the deposits as refundable and the equipment as a means of carrying gas, not as goods sold in the taxable transaction. Earlier binding precedent on identical facts controlled the issue, and the references to the Sale of Goods Act, 1930 and the Cylinder Rules, 1981 did not change the result. The issue was answered against the Revenue and in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 18 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162692