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Transfer of title and/or possession is necessary for a transaction to constitute supply of goods?

  • 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) (b).
  • In some cases, possession may be transferred immediately but title 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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