Aplicability of service tax on Renting of Movable assets

[Guest]

Renting of Movable assets like Machineries whether taxable service?

[Guest]

Till now there is no service tax on renting of movable assets like machinery etc.

AI Summary

Service tax applicability for renting of movable assets remains non-taxable under current service tax regime. Renting of movable assets such as machinery is treated as outside the scope of service tax under the existing regime described in the discussion; such rental transactions do not attract service tax absent a statutory or regulatory change.