https://www.taxtmi.com/forum/issue?id=109745 Under central law construction equipment leased at site is characterised as Right To Use Of Tangible Goods Services where ownership remains with the lessor and the lessee acquires a temporal right to use; Supreme Court authority has treated leasing as a service. State VAT may nevertheless treat such leases as a deemed sale if, under local law and the lease terms, effective possession and control are found to have passed to the lessee. The outcome depends on the agreement's terms, factual control and possession, and the interplay between central service taxation and state VAT regimes. en-us Mon, 18 Jan 2016 16:15:40 +0530 Thu, 23 Jan 2025 15:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109745 Under central law construction equipment leased at site is characterised as Right To Use Of Tangible Goods Services where ownership remains with the lessor and the lessee acquires a temporal right to use; Supreme Court authority has treated leasing as a service. State VAT may nevertheless treat such leases as a deemed sale if, under local law and the lease terms, effective possession and control are found to have passed to the lessee. The outcome depends on the agreement's terms, factual control and possession, and the interplay between central service taxation and state VAT regimes. Discussion-Forum Service Tax Mon, 18 Jan 2016 16:15:40 +0530 https://www.taxtmi.com/forum/issue?id=109745