KVAT IS APPLICABLE FOR MACHINERY HIRE CHARGES
This query is : Resolved
21 May 2009
We are paying Rs. 24 Lacs Per annum against bill for machinery hire charges & we are deducting TDS u/s 94(I) @ 10.3%.
I would like to know whether KVAT is applicable AND CAN WE CLAIM INPUT VAT CREDIT.
I would like to know whether KVAT is applicable AND CAN WE CLAIM INPUT VAT CREDIT.
Vishnu Saboo
(Expert)
01 June 2009
Your case seems "Right to use".
if service provider is registered in sale tax. u r not liable to pay sale tax.
but if he is URD, you are liable to pay sale tax.
if service provider is registered in sale tax. u r not liable to pay sale tax.
but if he is URD, you are liable to pay sale tax.
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