Service Tax on Rent/Hire Charges for movable Items

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ervice Tax on Rent/Hire Charges for movable Items<br> Query (Issue) Started By: - Satyanarayana Dated:- 7-10-2008 Last Reply Date:- 14-10-2008 Service Tax<br>Got 2 Replies<br>Service Tax<br>Service Ta....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....x on Rent/Hire Charges for movable (like machinery) items/equipment Reply By Surender Gupta: The Reply: Kindly see provisions of Supply of Tangible Goods Service 65(105)(zzzzj) in Taxable Services ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reply By V Ramanujam: The Reply: In the case of rent/hire of movable items where control and possession is transferred to the lessee, then it may be subject to service tax under the head 'Financial le....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....asing including equipment leasing and under hire purchase', if control and possession is not transferred and VAT is not paid, then it may be subject to 'supply of tangible goods service'. So the appli....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cability depends on the nature of arrangement/agreement.<br> Discussion Forum - Knowledge Sharing ....