TaxTMI 
TaxTMI 
Rate of Tax for Hiring of machinery
X X X X Extracts X X X X
X X X X Extracts X X X X
....ate of Tax for Hiring of machinery<br> Query (Issue) Started By: - T.K. CHANDRASEKARAN Dated:- 28-10-2017 Last Reply Date:- 29-10-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>What will....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... be the Rate of Tax under GST for Hiring of Machinery & Equipment without transfer of active possession (not lease) ? Renting of machinery where ever the active possession passed on from the person hi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ring to the person using the machinery on hire will be a LEASE transaction. So, in this case, it is not a lease. Reply By Rajagopalan Ranganathan: The Reply: Sir, Hiring of Machinery & Equipment is....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... a service falling under Service Accounting Code 9973. Reply By T.K. CHANDRASEKARAN: The Reply: Thank you very much Mr. Rajagopalan Sir. The real issue is whether the hiring above referred is to be ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....taxed under Other Services Head @ 18% or to be taken as Lease or Rental taxable at rate applicable for that kind of machinery treating it as "Lease"? I am expecting a discussion in this rega....
X X X X Extracts X X X X
X X X X Extracts X X X X
....rd. Reply By KASTURI SETHI: The Reply: No difference between leasing or renting in the eyes of Service Tax Law or GST Law.<br> Discussion Forum - Knowledge Sharing ....