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Service Tax - Highlights / Catch Notes

Home Highlights February 2024 Year 2024 This

Supply of Tangible Goods Service - lease agreement - acquiring ...

Case Laws     Service Tax

February 14, 2024

Supply of Tangible Goods Service - lease agreement - acquiring CESSNA make air craft on lease - After analyzing the lease agreement and legal provisions, the Tribunal concluded that the transaction did not fall within the definition of "Supply of Tangible Goods Service". It found that the lease involved the transfer of right to use goods and was not subject to service tax.

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