https://www.taxtmi.com/forum/issue?id=3223 Whether service tax applies to equipment leasing depends on transfer of possession/control. If there is no transfer of possession or effective control, the lease may attract service tax as a Supply of Tangible Goods Service per Ministry guidance; where possession or effective control is transferred, VAT alone applies to lease rentals. Practitioner replies in the discussion conflict on the applicability of service tax when transfer of possession/control is absent, and no abatement guidance is provided. en-us Tue, 26 Jul 2011 13:13:31 +0530 Thu, 23 Jan 2025 15:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3223 Whether service tax applies to equipment leasing depends on transfer of possession/control. If there is no transfer of possession or effective control, the lease may attract service tax as a Supply of Tangible Goods Service per Ministry guidance; where possession or effective control is transferred, VAT alone applies to lease rentals. Practitioner replies in the discussion conflict on the applicability of service tax when transfer of possession/control is absent, and no abatement guidance is provided. Discussion-Forum Service Tax Tue, 26 Jul 2011 13:13:31 +0530 https://www.taxtmi.com/forum/issue?id=3223