Lease rent
This query is : Open
02 September 2013
Greetings of the day to all the learned experts!!!
We have let out our factory through lease rent agreement. Factory consists "factory Building and plant and machinery"
What will be VAT and Service Tax implications.
Lease rent is Rs. 250000 per month.
This is only an operating lease.
We are based at Karnataka.
Warm Regards
We have let out our factory through lease rent agreement. Factory consists "factory Building and plant and machinery"
What will be VAT and Service Tax implications.
Lease rent is Rs. 250000 per month.
This is only an operating lease.
We are based at Karnataka.
Warm Regards
02 September 2013
Service tax is applicable on lease rent and TDS is deductible @ 10%
02 September 2013
thank you madam but what is about vat
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