Transfer of Right to Use of Wagons to Indian Railways not Taxable Service but Deemed Sale; no Service Tax Applies: CESTAT [Read Order]
CESTAT ruled that the transfer of wagons to Indian Railways is a deemed sale, not a taxable service, as it involves the transfer of possession and effective control, thus exempt from service tax
By Devanand T R - On August 5, 2024 1:26 pm - 3 mins read
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has determined that the transfer of wagons to Indian Railways by Bagadiya Brothers Pvt Ltd constitutes a deemed sale under Article 366(29A) of the Indian Constitution, rather than a taxable service. As a result, no service tax is applicable to the transaction. The decision was based…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc