https://www.taxtmi.com/caselaws?id=768525 Delivery of telecom equipment on a 24-month trial basis with deferred instalment payments and an option to purchase was treated as a taxable sale under the Punjab Value Added Tax Act, 2005 because the transaction satisfied the statutory definition of sale, including transfer of the right to use goods for consideration. The court held that the parties' private description of the arrangement was not decisive where the agreement, delivery challans and payment structure showed supply for consideration, with return of the goods required only if the offer was not accepted. As the goods were not returned, the demand was upheld. en-us Sat, 05 Apr 2025 00:00:00 +0530 Wed, 09 Apr 2025 07:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768525 Delivery of telecom equipment on a 24-month trial basis with deferred instalment payments and an option to purchase was treated as a taxable sale under the Punjab Value Added Tax Act, 2005 because the transaction satisfied the statutory definition of sale, including transfer of the right to use goods for consideration. The court held that the parties' private description of the arrangement was not decisive where the agreement, delivery challans and payment structure showed supply for consideration, with return of the goods required only if the offer was not accepted. As the goods were not returned, the demand was upheld. Case-Laws VAT / Sales Tax Sat, 05 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768525