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TMI BlogRate of Tax for Hiring of machineryX X X X Extracts X X X X X X X X Extracts X X X X ..... What will be the Rate of Tax under GST for Hiring of Machinery Equipment without transfer of active possession (not lease) ? Renting of machinery where ever the active possession passed on from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... person hiring to the person using the machinery on hire will be a LEASE transaction. So, in this case, it is not a lease. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Hiring of Machinery ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Equipment is a service falling under Service Accounting Code 9973. - Reply By T.K. CHANDRASEKARAN - The Reply = Thank you very much Mr. Rajagopalan Sir. The real issue is whether the hiring above r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eferred is to be taxed under Other Services Head @ 18% or to be taken as Lease or Rental taxable at rate applicable for that kind of machinery treating it as Lease ? I am expecting a discussion in th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is regard. - Reply By KASTURI SETHI - The Reply = No difference between leasing or renting in the eyes of Service Tax Law or GST Law. - Rate of Tax for Hiring of machinery - Query Started By: - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .K. CHANDRASEKARAN Dated:- 28-10-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagementindia - 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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