Service tax or sales tax
nupur (manager) (28 Points)
05 December 2016
I need to know if an operating lease (furniture rental) will attract Service Tax or Sales Tax.
Nikhil Sharma
(Government Service)
(539 Points)
Replied 05 December 2016
Operating lease attracts service tax.
nupur
(manager)
(28 Points)
Replied 05 December 2016
There was a recent circular , clarifying operating lease and sales tax. it said that when 'right to use' is transferred exclusively to the lessor...it will attract sales tax
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
