VAT not leviable on lease charges paid by Railway Department

Ultratech Cement Limited Vs State of Chhattisgarh (Chhattisgarh High Court) Chhattisgarh High Court held that lease charges paid by the Railways Department to the Petitioner Company is not subjected to levy of VAT as the taxable event is the transfer of right to use goods and not right to use goods or the use of goods Facts- The issue involved in the instant case is the levy of Value Added Tax on the lease charges paid by the Railways Department to the Petitioner Company. The levy of tax was under Section 2(s)(vi) of the VAT Act for the assessment year 2009-10. The assessment for the year 2009...