Credit on rent payble on building and P& M
This query is : Resolved
03 August 2010
Hi,
We are paying the rent on monthy on building and plant and machinary.We are paying Service tax and Vat on the rent.
in this conncetion can we take the VAT credit on rent on Building and P& M
Please clarify on above issue
thanks in advance
H S Reddy
We are paying the rent on monthy on building and plant and machinary.We are paying Service tax and Vat on the rent.
in this conncetion can we take the VAT credit on rent on Building and P& M
Please clarify on above issue
thanks in advance
H S Reddy
03 August 2010
VAT can't be charged on rent.... It can only be service tax.
03 August 2010
Clarification : Principally VAT can't be charged on rentals, though some states are charging it.
In those cases, definitely, you can claim the credit for the same.
In those cases, definitely, you can claim the credit for the same.
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