computation of service tax on equipment leasing

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..... computation of service tax on equipment leasing
Query (Issue) Started By: - JAGANATHAN KUMARAVEL Dated:- 26-7-2011 Last Reply Date:- 27-7-2011 Service Tax
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Service Tax
Please .....

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..... let me know whether serive tax has to be levied on the equipments leased by a manufacturing company to its associate Company. Iin the State of Karnataka VAT is being charged on the Lease Rental ( Dep .....

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..... n+Int charges) If service tax is applicable what is the abatement available. Reply By Rajitha manish: The Reply: If transfer of possession/control does not exist, service tax will apply under the .....

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..... category of 'Supply of Tangible Goods Service'. Please refer Ministry's Circular/Letter D.O.F.No 334/1/2008-TRU dated 29.2.2008. In cases of transfer of possession/control in such leasing transactions .....

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..... , only VAT will be applicable. Reply By pradeep khatri: The Reply: if there is no transfer of possession or effective control by the service provide then service tax would not be applicable only VAT .....

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..... will be applicable.
Discussion Forum - Knowledge Sharing .....

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