applicability of VAT for rental

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pradeep (Querist)
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04 January 2011 one of my clients they are into the business of rental business.

and they have given one machinery on rent. but they are charging VAT on it.

my question is, whether the VAT will be applicable for rental goods also, if yes i want to know the concept of VAT....

Sanaulla Sharief

Sanaulla Sharief (Expert)
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06 January 2011 Yes

Nitin

Nitin (Expert)
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10 January 2011 VAT is applicable when there is a transfer of possession & control,can give ur mail id ,will forward detail discussion/analyis of rental (VAT Vs Service tax).

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