https://www.taxtmi.com/caselaws?id=449143 Slaughter tapping arrangements can constitute a taxable sale where the agreement authorises a third party to tap rubber trees, appropriate the latex, and pay consideration for the latex obtained. The absence of any contractual provision dealing with the latex after expiry of the licence period supported transfer of property in the latex, rather than a mere licence or profit a prendre. Applying the statutory definitions of agriculturist and turnover under the Kerala Value Added Tax Act, 2003, a company holding rubber plantations was denied the agriculturist benefit. The demand under the Act was therefore upheld as the transaction was treated as sale turnover. en-us Fri, 19 Jan 2024 00:00:00 +0530 Wed, 07 Feb 2024 05:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449143 Slaughter tapping arrangements can constitute a taxable sale where the agreement authorises a third party to tap rubber trees, appropriate the latex, and pay consideration for the latex obtained. The absence of any contractual provision dealing with the latex after expiry of the licence period supported transfer of property in the latex, rather than a mere licence or profit a prendre. Applying the statutory definitions of agriculturist and turnover under the Kerala Value Added Tax Act, 2003, a company holding rubber plantations was denied the agriculturist benefit. The demand under the Act was therefore upheld as the transaction was treated as sale turnover. Case-Laws VAT and Sales Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449143