https://www.taxtmi.com/acts?id=24356 A transaction is a supply of goods only when both title and possession are transferred; if title is not transferred the transaction is classified as a supply of service. Situations where possession is transferred immediately but title passes later, such as sale on approval or hire purchase, remain supplies of goods when title ultimately transfers, and the delay in passing title does not by itself reclassify the transaction as a service. en-us Mon, 03 Apr 2017 14:45:44 +0530 Mon, 03 Apr 2017 14:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24356 A transaction is a supply of goods only when both title and possession are transferred; if title is not transferred the transaction is classified as a supply of service. Situations where possession is transferred immediately but title passes later, such as sale on approval or hire purchase, remain supplies of goods when title ultimately transfers, and the delay in passing title does not by itself reclassify the transaction as a service. Act-Rules Bills Mon, 03 Apr 2017 14:45:44 +0530 https://www.taxtmi.com/acts?id=24356