Aplicability of service tax on Renting of Movable assets

[Asked by Guest]

Renting of Movable assets like Machineries whether taxable service?

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.