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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
