VAT leviable on Transfer of property in materials used for works contract even if processed or partially consumed
The Hon’ble Supreme Court in the case of Ms. Aristo Printers Pvt. Ltd. held that tax under Section 3F(1)(b) of the Uttar Pradesh Trade Tax Act, 1948, is leviable on ink, chemicals and other processing materials used in printing lottery tickets, as the property in these goods is transferred in execution of a works contract.
