https://www.taxtmi.com/article/detailed?id=1829 Section 66E(g) treats delivery of goods on hire purchase or installment as a declared service, but such delivery is a deemed sale under Article 366(29A) and thus constitutes a transfer of goods. Financial components (interest and ancillary fees) are taxable as distinct financial services; exemption rules limit the taxable base for interest while other fees remain fully taxable. Leases qualify only if they carry hire purchase ingredients, and the financing transaction is treated separately from the goods transfer. en-us Thu, 26 Jul 2012 11:37:45 +0530 Thu, 26 Jul 2012 11:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1829 Section 66E(g) treats delivery of goods on hire purchase or installment as a declared service, but such delivery is a deemed sale under Article 366(29A) and thus constitutes a transfer of goods. Financial components (interest and ancillary fees) are taxable as distinct financial services; exemption rules limit the taxable base for interest while other fees remain fully taxable. Leases qualify only if they carry hire purchase ingredients, and the financing transaction is treated separately from the goods transfer. Articles Service Tax Thu, 26 Jul 2012 11:37:45 +0530 https://www.taxtmi.com/article/detailed?id=1829