rent on P&M
This query is : Resolved
23 March 2009
CAN U TELL ME SIR, SERVICE TAX APPLICABLE ON RENT ON PLANT & MACHINERY?
Shyam Lal Naik
(Expert)
23 March 2009
It is likely to be covered under "Supply of Tangible Goods for use" service, effective from 01.06.07.
Caution : - If effective possession and control is given to the hirer, service tax is not applicable. In such cases, VAT is applicable, treating it as transfer of right to use.
Caution : - If effective possession and control is given to the hirer, service tax is not applicable. In such cases, VAT is applicable, treating it as transfer of right to use.
K V Subba Rao
(Expert)
23 March 2009
I agree with the view expressed by Sri Naik
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