Dear Experts,
We are planning to give on rent one of our factory buildings along wiht machinery and equipments. As per my understanding renting of building is classified under Renting of Immovable property services wiht 12.36% ST. My query is with reference to renting of machinery. Should the same be treated as Supply of Tangible property service? We are not providing any manpower to the lessee. They will be freely operating the machinery as per an agreement. Please clarify if this will attract concept of Deemed sale or Service Tax.
CAclubindia
