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Charging of VAT on Rented items

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(Querist)
07 May 2008 Why VAT is charged on Rented Items ?
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Jitender

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Jitender (Expert)
07 May 2008 becuz it amounts to transfer of right to use .
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
18 September 2008 VAT on transfer of right use movable assets are leviable (in the state in which such contract is executed).
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