Is vat applicable on leasing of plant & machinery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2013
sir i have a plastic injection molding unit which i plan to lease it out.(machines and other ancillary equipments). Is Vat or service tax applicable in the state of Tamilnadu? The entire plant will be in our possesion except for the day 2 day affairs and maintenance of the unit.The rent and electricity bills would be paid by the lessee.
RENGARAJ R.K
(Expert)
11 August 2013
Please tell me whether the possession and control is with you?
Based on your reply, the applicability will be answered.
Based on your reply, the applicability will be answered.
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