SALE

   
 

Section 2(24): “Sale” means a sale of goods made within the State for cash or deferred payment or other valuable consideration but does not include a mortgage, hypothecation, charge or pledge;
and the words “sell”, “buy” and “purchase”, with all their grammatical variations and cognate expressions, shall be construed accordingly.

Notes:

  • For meaning of ‘A sale within the State’ refer section 4 of the Central Sales Tax Act, 1956;

  • It also includes following transactions: 

    • Unless it is in pursuance of contract… the transfer of property in any goods for cash, deferred payment or other valuable consideration.

    • The transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract including, an agreement for carrying out the building, construction, manufacture, processing, fabrication, erection, installation, fitting out, improvement, modification, repair or commissioning of any movable or immovable property for cash, deferred payment or other valuable consideration.

    • A delivery of goods on hire-purchase or any system of payment by installments.

    • The transfer of the right to use any goods or any purpose (whether or not for a specified period) for cash, deferred payment or other valuable consideration.

    • The supply of goods by any association or body of persons incorporated or not, to a member thereof or other valuable consideration.

    • The supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink (whether or not intoxicating), where such supply or service is made or given for cash, deferred payment or other valuable consideration.