TMI Blogcomputation of service tax on equipment leasingX X X X Extracts X X X X X X X X Extracts X X X X ..... Please let me know whether serive tax has to be levied on the equipments leased by a manufacturing company to its associate Company. Iin the State of Karnataka VAT is being charged on the Lease Rent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al ( Depn+Int charges) If service tax is applicable what is the abatement available. - Reply By Rajitha manish - The Reply = If transfer of possession/control does not exist, service tax wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll apply under the category of 'Supply of Tangible Goods Service'. Please refer Ministry's Circular/Letter D.O.F.No 334/1/2008-TRU dated 29.2.2008. In cases of transfer of possession/control in such l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... easing transactions, only VAT will be applicable. - Reply By pradeep khatri - The Reply = if there is no transfer of possession or effective control by the service provide then service tax would not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be applicable only VAT will be applicable. - computation of service tax on equipment leasing - Query Started By: - JAGANATHAN KUMARAVEL Dated:- 26-7-2011 Service Tax - Got 2 Replies - Service Tax - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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