https://www.taxtmi.com/forum/issue?id=1132 Whether a lease attracts VAT or service tax depends on control and possession: transfer of control to the lessee triggers VAT, whereas retention of control by the owner makes it a taxable service, allowing CENVAT credit on capital goods (other than motor vehicles), inputs and input services used in providing the service. en-us Wed, 29 Apr 2009 17:14:26 +0530 Thu, 23 Jan 2025 15:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1132 Whether a lease attracts VAT or service tax depends on control and possession: transfer of control to the lessee triggers VAT, whereas retention of control by the owner makes it a taxable service, allowing CENVAT credit on capital goods (other than motor vehicles), inputs and input services used in providing the service. Discussion-Forum Service Tax Wed, 29 Apr 2009 17:14:26 +0530 https://www.taxtmi.com/forum/issue?id=1132