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VAT - Highlights / Catch Notes

Home Highlights November 2021 Year 2021 This

Transaction of sale taking place or not - sale of Furnace - ...

VAT and Sales Tax

November 8, 2021

Transaction of sale taking place or not - sale of Furnace - machinery or not - The contract involving receipt of lease rent for leasing of the flameless furnace does not constitute sale or resale of goods within the meaning of sale under Section 2(g) of the OST Act - Leasing of flameless furnace cannot be the subject matter of taxation since it has suffered Orissa Sales Tax at an interior stage in view of Section 8 of the Orissa Sales Tax Act. - HC

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