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2000 (8) TMI 1013 - SC - VAT and Sales TaxWhether the respondents were justified in holding that hire- purchase transactions entered into by the appellants were liable to imposition of sales tax on the consolidated proceeds? Held that:- Appeal dismissed. Coming to the definition of the expression "sale price" if we substitute the defined meaning of the word "sale" occurring in section 2(g) into the said section 2(h), it would in effect read as follows: "Sale price means the amount payable to a dealer as consideration for transfer of goods on hire-purchase". The word "sale" occurring in section 2(h) must have the meaning ascribed to it as in section 2(g). When the word "sale" includes transfer of goods on hire-purchase, then whatever is the amount which is paid/payable to the dealer on such a transfer would be included within the meaning of the expression "sale price" in section 2(h). This being so, the sales tax authorities in the present cases were justified in including in the turnover of the appellants the hire charges as provided for in the hire-purchase agreements.
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