High Court Rules Tanker Hiring for HPCL as Transportation Service, Not Subject to VAT Due to Lack of Transfer. https://www.taxtmi.com/highlights?id=71270 Nature of transaction - sale or service - tankers given on hire - deemed sale or transfer of the right to use any goods for any purpose - The agreement in clear terms provides for transfer of right to use the trucks for transportation of petroleum products of oil company - the effective control and possession was always with AHS. What was being provided to HPCL was only a transportation service on hire. - Not liable to VAT - HC en-us Thu, 03 Aug 2023 07:53:29 +0530 Thu, 03 Aug 2023 07:53:29 +0530 TaxTMI RSS Generator High Court Rules Tanker Hiring for HPCL as Transportation Service, Not Subject to VAT Due to Lack of Transfer. https://www.taxtmi.com/highlights?id=71270 Nature of transaction - sale or service - tankers given on hire - deemed sale or transfer of the right to use any goods for any purpose - The agreement in clear terms provides for transfer of right to use the trucks for transportation of petroleum products of oil company - the effective control and possession was always with AHS. What was being provided to HPCL was only a transportation service on hire. - Not liable to VAT - HC Highlights VAT and Sales Tax Thu, 03 Aug 2023 07:53:29 +0530 https://www.taxtmi.com/highlights?id=71270