https://www.taxtmi.com/caselaws?id=431691 The AAAR-Telangana ruled on a finance lease arrangement where the appellant leased tank containers from a foreign lessor for 5 years with a purchase option. The containers remained outside India throughout the lease period. The authority held that ownership remained with the lessor until the purchase option was exercised, making this a service transaction rather than goods supply. The transaction attracted IGST under reverse charge mechanism with the recipient as the liable party, and place of supply was determined as Telangana where the service recipient was located, following Section 13 of IGST Act 2017. en-us Fri, 26 Aug 2022 00:00:00 +0530 Fri, 11 Apr 2025 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431691 The AAAR-Telangana ruled on a finance lease arrangement where the appellant leased tank containers from a foreign lessor for 5 years with a purchase option. The containers remained outside India throughout the lease period. The authority held that ownership remained with the lessor until the purchase option was exercised, making this a service transaction rather than goods supply. The transaction attracted IGST under reverse charge mechanism with the recipient as the liable party, and place of supply was determined as Telangana where the service recipient was located, following Section 13 of IGST Act 2017. Case-Laws GST Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431691