Service Classification as Deemed Sale: Transfer of Possession and Control Leads to VAT Payment, Demand Set Aside.

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Full Text of the Document

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....Classification of service - activity of supply of tangible goods for use or the leasing activity - Under the identical set of facts it was viewed that the right of possession and effective control has been transferred particularly considering the fact that the lessor have paid the VAT considering the transaction as deemed sale in terms of Article 366 29 (A) of the Constitution of India. - Demand set aside - AT....