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1983 (4) TMI 232 - HC - VAT and Sales TaxThe assessees, manufacturers of automobile trucks, supplied raw materials like sheets, rods and other iron and steel materials to ancillary products manufacturers of their required component parts and made debit notes against such ancillary industries in respect of the supply of raw materials and credit notes after delivery of finished components and the raw materials were shown not in terms of weight but in terms of cost of materials in debit notes and made payments for services rendered: Held, that there was no element of sale in the transaction between the assessee and the ancillary products manufacturers and they were only works contracts. The fact that the debit notes carried entries either in weight or in terms of money with reference to the raw materials was an immaterial factor when ultimately the finished products came back to the assessees.
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