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Tax on Rental of Equipments by a Foreign company

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(Querist)
09 September 2008 A foriegn company is renting equipments to an indian company and rental have to be paid on a monthly basis. Let me know whether service tax would be levied on this transaction.
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CA. Amit Daga

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CA. Amit Daga (Expert)
10 September 2008 yes service tax should be levied

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