Lease transaction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2012
To,
Respected Sir,
Whether plant and machinary which moulds steel coil will chargeable to VAT if given on lease
Respected Sir,
Whether plant and machinary which moulds steel coil will chargeable to VAT if given on lease
CA CS Amit S. Kedia
(Expert)
09 April 2012
Generally, Plant & Machinery given on lease is chargeable to VAT. However, it depends varies from state to state.
Also, it depends on amount involved therein.
Also, it depends on amount involved therein.
Message likes :
1 times
CA Kishore Tallam
(Expert)
09 April 2012
Agree with expert.
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