https://www.taxtmi.com/highlights?id=73675 Scope of contract - transfer of software that has come into existence - The pith and substance of the contract or true nature of the transaction shows that the contract is a contract for service simplicitor and is not a works contract or composite contract consisting of 2 contracts - one for service and one for sale, but is an indivisible contract for service only. On examination of the contract as a whole, it becomes obvious that the contract is essentially an agreement to render service. The theory of works contract or the concept of aspect theory is not attracted. - HC en-us Wed, 20 Dec 2023 09:35:43 +0530 Wed, 20 Dec 2023 09:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73675 Scope of contract - transfer of software that has come into existence - The pith and substance of the contract or true nature of the transaction shows that the contract is a contract for service simplicitor and is not a works contract or composite contract consisting of 2 contracts - one for service and one for sale, but is an indivisible contract for service only. On examination of the contract as a whole, it becomes obvious that the contract is essentially an agreement to render service. The theory of works contract or the concept of aspect theory is not attracted. - HC Highlights VAT and Sales Tax Wed, 20 Dec 2023 09:35:43 +0530 https://www.taxtmi.com/highlights?id=73675