Service tax on renting or leasing activity was upheld for the relevant period under the Finance Act framework.

Service tax liability on renting or leasing activity was affirmed for the relevant period under the Finance Act, 1994, including the taxable services framework and the negative list. The Tribunal's view that such activity attracted service tax was found consistent with the applicable legal position, including the prior decision in Krishi Upaj Mandi Samiti, New Mandi Yard, Alwar. The result was that the Marketing Committee was liable to pay service tax on the renting or leasing activity, in favour of the Revenue.

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Issues: Whether the appellant-Marketing Committee was liable to pay service tax on the activity of renting or leasing carried out during the relevant period.

Analysis: The appeal was considered in the light of the Finance Act, 1994, including the provisions governing taxable services and the negative list, and the prior decision in Krishi Upaj Mandi Samiti, New Mandi Yard, Alwar. The Tribunal's view that the activity of renting or leasing attracted service tax at the relevant time was found to be consistent with the applicable legal position.

Conclusion: The liability to pay service tax on the renting or leasing activity was upheld, in favour of the Revenue.

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