Service Tax on Rent/Hire Charges for movable Items

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..... Service Tax on Rent/Hire Charges for movable Items
Query (Issue) Started By: - Satyanarayana Dated:- 7-10-2008 Last Reply Date:- 14-10-2008 Service Tax
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Service Tax
Service T .....

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..... ax on Rent/Hire Charges for movable (like machinery) items/equipment Reply By Surender Gupta: The Reply: Kindly see provisions of Supply of Tangible Goods Service 65(105)(zzzzj) in Taxable Services .....

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..... Reply By V Ramanujam: The Reply: In the case of rent/hire of movable items where control and possession is transferred to the lessee, then it may be subject to service tax under the head 'Financial l .....

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..... easing including equipment leasing and under hire purchase', if control and possession is not transferred and VAT is not paid, then it may be subject to 'supply of tangible goods service'. So the appl .....

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..... icability depends on the nature of arrangement/agreement.
Discussion Forum - Knowledge Sharing .....

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