Renting out a car
This query is : Resolved
19 March 2012
A car is available in the name of the business whose main business is selling tyres.
The car is being given on rent @ 20000 P.M
What will be the treatment??
is Service Tax applicable/ Vat ??
The car is being given on rent @ 20000 P.M
What will be the treatment??
is Service Tax applicable/ Vat ??
19 March 2012
Service tax will be applicable if Gross receipt/bill of rent is exceed specified limit.
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