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Furniture Rental Business

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2011 Hello,

I have a furniture rental business. Basically, I have two models. I either buy furniture and then rent them out or I rent from manufactures and rent it out again.

Do I need to pay VAT on the service that I provide?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
28 June 2011 "Right to use" movable property is considered as "deemed sale" under VAT by certain states. Pl check the provision in your state VAT act.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2011 Thank you for your reply.

Does Karnataka have that provision? The business is based out of Bangalore currently.
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