Supply to high seas vessel is liable to VAT if any territorial nexus exist in the State

Supply to high seas vessel is liable to VAT if any territorial nexus exist in the State https://www.taxtmi.com/article/detailed?id=6565 Taxability of bunker fuel supplies depends on a territorial nexus formed by the agreement, passing of title and delivery. When goods are manufactured or supplied from within the State and the seller's place of business and delivery originate in the State, those factors together establish the requisite territorial connection for application of the MVAT Act to supplies to vessels. en-us Tue, 08 Dec 2015 11:25:57 +0530 Tue, 08 Dec 2015 11:25:57 +0530 TaxTMI RSS Generator Supply to high seas vessel is liable to VAT if any territorial nexus exist in the State https://www.taxtmi.com/article/detailed?id=6565 Taxability of bunker fuel supplies depends on a territorial nexus formed by the agreement, passing of title and delivery. When goods are manufactured or supplied from within the State and the seller's place of business and delivery originate in the State, those factors together establish the requisite territorial connection for application of the MVAT Act to supplies to vessels. Articles Value Added Tax - VAT and CST Tue, 08 Dec 2015 11:25:57 +0530 https://www.taxtmi.com/article/detailed?id=6565