https://www.taxtmi.com/caselaws?id=450674 Supply of tankers and bowsers for crude oil transportation was held to be a taxable supply of tangible goods service because possession and effective control did not pass to the user; the supplier retained repair, maintenance, fuel, crew and compliance obligations, so the arrangement was not a deemed sale by transfer of right to use goods. The demand for the period from 01.07.2012 was unsustainable because it was founded on a charging provision not applicable under the negative list regime then in force. Extended limitation and penalty were also not invokable, as the transactions were treated as deemed sales in a bona fide manner and there was no suppression with intent to evade tax. Consequential interest and penalty were set aside. en-us Wed, 28 Feb 2024 00:00:00 +0530 Mon, 11 Mar 2024 06:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450674 Supply of tankers and bowsers for crude oil transportation was held to be a taxable supply of tangible goods service because possession and effective control did not pass to the user; the supplier retained repair, maintenance, fuel, crew and compliance obligations, so the arrangement was not a deemed sale by transfer of right to use goods. The demand for the period from 01.07.2012 was unsustainable because it was founded on a charging provision not applicable under the negative list regime then in force. Extended limitation and penalty were also not invokable, as the transactions were treated as deemed sales in a bona fide manner and there was no suppression with intent to evade tax. Consequential interest and penalty were set aside. Case-Laws Service Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450674