https://www.taxtmi.com/caselaws?id=167744 In a deemed sale involving transfer of the right to use goods, taxable turnover is confined to the rental consideration received or receivable in the relevant tax period. Article 366(29A)(d) and the Haryana VAT framework treat the taxable event as the transfer of the right to use, not mere delivery of the vehicle, and turnover is linked to amounts accruing during the tax period. Accordingly, the full lease rentals for the entire lease term could not be brought to tax in the year of delivery; only the rentals falling due in the relevant period were includible in turnover. en-us Tue, 12 Mar 2013 00:00:00 +0530 Fri, 02 Jan 2015 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167744 In a deemed sale involving transfer of the right to use goods, taxable turnover is confined to the rental consideration received or receivable in the relevant tax period. Article 366(29A)(d) and the Haryana VAT framework treat the taxable event as the transfer of the right to use, not mere delivery of the vehicle, and turnover is linked to amounts accruing during the tax period. Accordingly, the full lease rentals for the entire lease term could not be brought to tax in the year of delivery; only the rentals falling due in the relevant period were includible in turnover. Case-Laws VAT and Sales Tax Tue, 12 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167744