rent on P&M
This query is : Resolved
23 March 2009
CAN U TELL ME SIR, SERVICE TAX APPLICABLE ON RENT ON PLANT & MACHINERY?
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.
23 March 2009
I agree with the view expressed by Sri Naik
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