Service Tax on Renting of Movable Property

Service tax is payable on reverse charge method, i.e. the receiver of service is liable to pay Service Tax.

There isno servic etax liability for renting of movable property. If rented/ hired  from one in India then VAT/ CST wouldbe attarcted.

ST is attracted only when the control and possession of the movable is with the owner. If so then it wouldbe taxable under supply of tangible goods. In your case there is no such transaction

The transaction would fall under the purview of :Supply of Tangible goods' if the agreement stipulates that the movable goods shall be operated under the control and supervision of the supplier. If the indian company is entitled to use the movables without interference of the supplier, then service tax is leviable under reverse charge mechanism