The bench of Justices K. R. Shriram and A. S. Doctor ruled that in view of Article 366(29A)(d) of the Constitution of
India, transfer of right to use goods is a deemed sale, which is subject to Sales Tax/VAT. The Court added that
Article 366 (29A) of the Constitution does not distinguish between an owner or a lessor of the goods. Thus, the
bench ruled that lease of goods for valuable consideration on a “transfer of right to use” basis is a deemed sale,
even if the transferor is not the owner of the said goods.
Source: livelaw.in
Latest Posts in "India"
- High-Value Transactions Now Automatically Reported to Tax Authorities, Even If Not Disclosed in ITR
- GST Compliance for CFOs: Strategic Risk Mitigation and Operational Efficiency in Indian Enterprises
- Supreme Court: Rooh Afza Classified as Fruit Drink, Attracts Only 4% VAT in UP
- India IRN vs Europe CTC: Key Differences in E-Invoicing Models, Clearance, and Reporting
- India’s 2026 E-Invoicing Rules: Turnover Limits, 30-Day Reporting, and Mandatory 2FA Explained
