TMI BlogNature of transaction - sale or service - tankers given on hire - deemed sale or transfer of the right...Nature of transaction - sale or service - tankers given on hire - deemed sale or transfer of the right to use any goods for any purpose - The agreement in clear terms provides for transfer of right to use the trucks for transportation of petroleum products of oil company - the effective control and possession was always with AHS. What was being provided to HPCL was only a transportation service on hire. - Not liable to VAT - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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