https://www.taxtmi.com/caselaws?id=407155 The High Court ruled against the Tripura Value Added Tax department, prohibiting the imposition of VAT on transactions involving the transfer of the right to use machinery and equipment during service contracts. The judgment emphasized that contracts primarily for hiring services are not subject to VAT, even if they involve a minimal element of goods usage. The Supreme Court's dismissal of the Special Leave Petition challenging the High Court's decision confirmed the finality of the ruling, settling the issue and providing clarity on the taxability of such transactions. en-us Tue, 06 Apr 2021 00:00:00 +0530 Sat, 01 May 2021 09:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407155 The High Court ruled against the Tripura Value Added Tax department, prohibiting the imposition of VAT on transactions involving the transfer of the right to use machinery and equipment during service contracts. The judgment emphasized that contracts primarily for hiring services are not subject to VAT, even if they involve a minimal element of goods usage. The Supreme Court's dismissal of the Special Leave Petition challenging the High Court's decision confirmed the finality of the ruling, settling the issue and providing clarity on the taxability of such transactions. Case-Laws VAT and Sales Tax Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407155