https://www.taxtmi.com/article/detailed?id=5610 The issue is whether composite supply-and-installation agreements are to be treated as works contracts or as contracts of sale. Where a single contract requires supply plus installation resulting in permanent affixation or incorporation, prior authority and constitutional definitions support treatment as a works contract regardless of the incidental supply element. Separate contracts for purchase and installation remain sale and service respectively, but a composite contract falls within works-contract taxation, with significant implications for vesting of materials, accretion, and VAT/service-tax liability. en-us Sat, 10 May 2014 08:10:32 +0530 Sat, 10 May 2014 08:10:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5610 The issue is whether composite supply-and-installation agreements are to be treated as works contracts or as contracts of sale. Where a single contract requires supply plus installation resulting in permanent affixation or incorporation, prior authority and constitutional definitions support treatment as a works contract regardless of the incidental supply element. Separate contracts for purchase and installation remain sale and service respectively, but a composite contract falls within works-contract taxation, with significant implications for vesting of materials, accretion, and VAT/service-tax liability. Articles Service Tax Sat, 10 May 2014 08:10:32 +0530 https://www.taxtmi.com/article/detailed?id=5610