Renting of computer
This query is : Resolved
28 January 2014
Dear Sir,
Our Clint's business is renting of computer. We mention it as inter state works contract @ 5%. But current year the renting amt crossed Rs.10,00,000/- , so now on-wards we should pay sales tax or service tax ?
Our Clint's business is renting of computer. We mention it as inter state works contract @ 5%. But current year the renting amt crossed Rs.10,00,000/- , so now on-wards we should pay sales tax or service tax ?
28 January 2014
i) If possession and control is transferred, then VAT attracts being a 'transfer of right to use' goods.
ii) If not , eg:- computer operator is provided by your client, service tax attracts u/s 66(E)(f) w.e.f.1.7.2012 under 'hiring, leasing, licencing of goods'.
ii) If not , eg:- computer operator is provided by your client, service tax attracts u/s 66(E)(f) w.e.f.1.7.2012 under 'hiring, leasing, licencing of goods'.
Message likes :
1 times
28 January 2014
Yes Sir, here the possession and control is transferred, so the clint need not reg. for service tax, right ?
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
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
