relating hiring & leasing agreement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2011
is there any service tax attract relating to using the vehicles of the other companies through leasing or hiring agreement?
please give the urgent clarification with notification or sections
please give the urgent clarification with notification or sections
24 May 2011
Yes it is a taxable service
One such service is the supply of tangible goods, including machinery, equipment and appliances for use where there is no transfer of right of possession and effective control.
If the right of possession and effective control is transferred by the lessor to the lessee then no service tax but VAT, but if the effective control lies with the lessor, service tax becomes payable
One such service is the supply of tangible goods, including machinery, equipment and appliances for use where there is no transfer of right of possession and effective control.
If the right of possession and effective control is transferred by the lessor to the lessee then no service tax but VAT, but if the effective control lies with the lessor, service tax becomes payable
24 May 2011
May be liable to service tax under supply of goods services if right of effective control and possession is not transferred.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- 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
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
