Furniture Rental Business
This query is : Open
Querist : Anonymous
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?
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?
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.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2011
Thank you for your reply.
Does Karnataka have that provision? The business is based out of Bangalore currently.
Does Karnataka have that provision? The business is based out of Bangalore currently.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- ASMT-10 received from A O
- IT returns for fresh job holders
- ITR-Capital Gain
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
