Providing men and materials for laying concrete mixture is to be treated as ‘Works Contract’ and not as ‘Sale’

Providing men and materials for laying concrete mixture is to be treated as ‘Works Contract’ and not as ‘Sale’ https://www.taxtmi.com/article/detailed?id=6040 Where a supplier of ready mix concrete provides men and materials, performs laying through its own staff, assumes responsibility for quality and for future leakage or defects, and carries the operative obligations of performance, the transaction is a composite Works Contract rather than a simple sale; absence of the specific term in the agreement is not decisive and characterization depends on the substantive nature of obligations. en-us Tue, 03 Feb 2015 05:59:37 +0530 Tue, 03 Feb 2015 05:59:37 +0530 TaxTMI RSS Generator Providing men and materials for laying concrete mixture is to be treated as ‘Works Contract’ and not as ‘Sale’ https://www.taxtmi.com/article/detailed?id=6040 Where a supplier of ready mix concrete provides men and materials, performs laying through its own staff, assumes responsibility for quality and for future leakage or defects, and carries the operative obligations of performance, the transaction is a composite Works Contract rather than a simple sale; absence of the specific term in the agreement is not decisive and characterization depends on the substantive nature of obligations. Articles Value Added Tax - VAT and CST Tue, 03 Feb 2015 05:59:37 +0530 https://www.taxtmi.com/article/detailed?id=6040