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Whether transfer of title and/or possession is necessary for a transaction to constitute supply of goods?
Team SoOLEGAL | 01/01/1970

Title as well as possession both have to be transferred for a transaction to be considered as a supply of goods.   In case title is not transferred, the transaction would be treated as supply of service in terms of Schedule II (1). In some cases, possession may be transferred immediately but titled may be transferred at a future date like in case of sale on approval basis or hire purchase arrangement. Such transactions will also be termed as supply of goods.

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