TaxTMI 
TaxTMI 
Service Tax Circular no 198/08/2016
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....ervice Tax Circular no 198/08/2016<br> Query (Issue) Started By: - SANDESH SHINDE Dated:- 18-8-2016 Last Reply Date:- 18-8-2016 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear Sir Request you to ....
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....please explain in short regarding Circular no 198/08/2016 - Service Tax liability in case of hiring of goods without transfer of right to use goods. Reply By PAWAN KUMAR: The Reply: Dear Sir, The s....
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....ubject circular issued for clarifying the nature of transaction involving hiring of goods without transfer of right to use such goods. The transactions involving hiring of goods with transfer of right....
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....s to use such goods would be subject to state taxes i.e. VAT as a sale. However hiring of goods without transfer of rights to use such goods is declared service. Keeping in view of the problem in asse....
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....ssing transactions whether sale or service, cbec has clarified the conditions based on supreme court judgment of BSNL. These conditions, terms & conditions of the contract may be reviewed in each case....
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.... while determining the taxability so as to avoid unnecessary course of litigation with the department. Reply By Ganeshan Kalyani: The Reply: Sir, nicely explained. Thanks. Reply By KASTURI SETHI: T....
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....he Reply: I endorse the views of Sh.Pawan Kumar and Sh.Ganeshan Kalyani, experts.<br> Discussion Forum - Knowledge Sharing ....