07 February 2014
My friend is giving coffee and tea vending machines on hire to software companies.It has to be clarified whether VAT has to be collected on rent received on issue of coffee/tea vending machines given on hire? and the rate of VAT? Pl clarify
24 August 2014
Should the effective control and possession of the coffee vending machine is transferred to the software company, i am of the opinion that VAT shall be required to be collected and paid as held in the case of M/s. Laxmi Audio visual case and 20th Century Finance case.
CAclubindia
