Service Tax on Rent/Hire Charges for movable (like machinery) items/equipment
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Kindly see provisions of Supply of Tangible Goods Service 65(105)(zzzzj) in Taxable Services
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 leasing 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 applicability depends on the nature of arrangement/agreement.