Covid19 Alert : Keep Social distance and utilize your time by joining CA CS CMA online classes at 30% disc Coupon: SAFE30 Call : 1800-3000-0505

Applicability of tax on lease of machinery.

This query is : Resolved 

We have Leased out Machinery for Rubber product for a period of 10 Years. The Lease Rent is received every month. The title of assets remains with us at the end of the Lease period. We have collected GST from July,2017 on wards and paid the same regularly. Now the Tax Office has informed us that such lease arrangement attracts "cess" for which we are being held liable.
We need advise from experts on this issue.
What happens about the GST amount paid by us till date ?
Ali Akbar

Cess on GST applicable from this month in Kerala.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning