Machinery Supplied under Lease Rent is Deemed Sale, not Liable to Service Tax under Supply of Tangible Goods for Use: CESTAT [Read Order]

CESTAT ruled Machinery leased out is treated as Sale and is Exempt from Service Tax under Supply of Tangible Goods for Use
By Varsha Chandran - On September 30, 2024 12:43 pm - 2 mins read
CESTAT - Customs Excise and Service Tax Appellate Tribunal - Service Tax - Supply of Tangible Goods - Machinery Supplied - Lease Rent - Deemed Sale - Liable to Service Tax - CESTAT News - taxscan

In a recent case before Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) it was ruled that machinery supplied under a lease agreement shall be treated as Sale and is exempt from Service Tax under Supply of Tangible Goods for use. A number of appeals were filed in the Customs, Excise & Service Tax…

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