https://www.taxtmi.com/caselaws?id=441276 The HC held that the levy of VAT on ATM management services provided by the petitioner to banks was illegal and without jurisdiction. The court found no evidence of transfer or delivery of ATMs or equipment to the banks, as possession and control remained with the petitioner throughout. The transaction was deemed a pure service contract, not a sale or hire purchase, and thus did not attract VAT under the KVAT Act. The impugned orders treating the transaction as a deemed sale were quashed, and the petition was allowed. en-us Fri, 17 Mar 2023 00:00:00 +0530 Mon, 11 Aug 2025 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441276 The HC held that the levy of VAT on ATM management services provided by the petitioner to banks was illegal and without jurisdiction. The court found no evidence of transfer or delivery of ATMs or equipment to the banks, as possession and control remained with the petitioner throughout. The transaction was deemed a pure service contract, not a sale or hire purchase, and thus did not attract VAT under the KVAT Act. The impugned orders treating the transaction as a deemed sale were quashed, and the petition was allowed. Case-Laws VAT / Sales Tax Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441276