About vat

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2014 Hi all,
My company hired computer and desktop from one supplier. In his bill he raised VAT @ 5%. I want to know if we take any item on rent then whether VAT is applicable or not ? Anyone can help me to solve my query ?
Shilpa

06 November 2014 which state u r in? In some of the states, rental is VATable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2014 I M in Maharashtra, Pune

07 November 2014 Maharashtra it is taxable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2014 and it is 5% and not 12.5% right ?

07 November 2014 http://mahavat.gov.in/Mahavat/GetDataAction?option=RATE%20SCHEDULE
follow the link.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2014 Thank u very much sir for this information.


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