Dear Member,
Will you please clarify me that wether there is any service tax liability on receiving of rent from hiring of Motor Vehicles (like Trucks, Lorry etc.)..?? Please reply as soon as possible.
Thanks
Sanjay Verma
SANJAY (CHARTERED ACCOUNTANTS) (938 Points)
20 June 2011Dear Member,
Will you please clarify me that wether there is any service tax liability on receiving of rent from hiring of Motor Vehicles (like Trucks, Lorry etc.)..?? Please reply as soon as possible.
Thanks
Sanjay Verma
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 20 June 2011
Yes, this is taxable under supply of tangible goods - category -- section 65(105)(zzzzj).
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 20 June 2011
yes i agree with dipjyoti
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
