Applicability of service tax - Led display

[Asked by Guest]

weather service tax applicable on equipment(LED DISPLY BOARD) given on lease rent basis as per one year contract. thanks & regards

AI Summary

Service tax on lease of tangible goods: taxable when possession and control are retained and not treated as deemed sale under VAT.
Leasing an LED display is service-taxable when the provider supplies tangible goods for use without transferring the right of possession and effective control; if the transaction is treated as a deemed sale and subject to VAT under state law, it is not treated as a taxable service, but where VAT is levied on such leases the service tax liability is applied excluding VAT.