OthersArticle·19 August 2026
Rental Charges for swiping machines amounts to transfer of right to use
By J the App
Executive Summary
The Court held that separately identified EDCT machines installed at merchant establishments and made available for their use constituted transfer of the right to use goods under Article 366(29A)(d) and Section 2(29)(d) of the KVAT Act. Retention of ownership or supervisory control by the Bank did not alter the character of the transaction.
Domain | Indirect Tax | others
Background
Axis Bank provided payment process...
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