23 May 2011
is there any service tax attract relating to using the vehicles of the other companies through leasing or hiring agreement? please give the urgent clarification with notification or sections
One such service is the supply of tangible goods, including machinery, equipment and appliances for use where there is no transfer of right of possession and effective control.
If the right of possession and effective control is transferred by the lessor to the lessee then no service tax but VAT, but if the effective control lies with the lessor, service tax becomes payable
CAclubindia
