Service tax on equipment leasing
This query is : Resolved
Srinivas Iyer
(Querist)
27 May 2013
I wanted to know what is the service tax implication(i.e service tax applicability and the abatement rate) in the following case:
1> NBFC providing equipment on finance lease.
2>NBFC providing equipment on operating lease.
Please it would be very helful if can be supported with a reference or a link??
1> NBFC providing equipment on finance lease.
2>NBFC providing equipment on operating lease.
Please it would be very helful if can be supported with a reference or a link??
Arun Kumar Singh
(Expert)
27 May 2013
Service tax will be applicable on assessable value of the service there is no any abatement.
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