Supply of Permanently Installed Machinery on Hire Basis Classified as Leasing Services Under GST at 18%

Supply of Permanently Installed Machinery on Hire Basis Classified as Leasing Services Under GST at 18%Case-LawsGSTThe AAR ruled on classification of fitted assets supply services on hire basis. The authority determined that the applicant’s services const

Supply of Permanently Installed Machinery on Hire Basis Classified as Leasing Services Under GST at 18%
Case-Laws
GST
The AAR ruled on classification of fitted assets supply services on hire basis. The authority determined that the applicant's services constitute leasing/rental services rather than goods leasing, as permanently installed machinery loses its movable property nature under GST. The services involve restricted supply up to tap off points without responsibility for input pow

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