S.Tax on renting of furniture
This query is : Resolved
25 March 2009
Is service tax leviable on renting of chairs, tables and splits used in commercial offices. PLease provide adequate suppotings.
Thanks
Thanks
26 March 2009
One such service is the supply of tangible goods, including machinery, equipment and appliances for use where there is no transfer of right of possession and effective control. This proposal intends to bring into the service tax net wet lease arrangements that are typically entered into by various airlines, shipping companies & oil and gas companies wherein the lessor provides aircraft/ship/rigs with complete crew, maintenance and insurance to the lessee in return for a consideration based on operating hours. Such arrangements are outside the ambit of value-added tax (VAT) because they lack the essential ingredient of transfer of right of possession and effective control
You may evaluate your arrangement in light of the above clarification, and derive your liability to pay or whether not payable
You may evaluate your arrangement in light of the above clarification, and derive your liability to pay or whether not payable
26 March 2009
One such service is the supply of tangible goods, including machinery, equipment and appliances for use where there is no transfer of right of possession and effective control. This proposal intends to bring into the service tax net wet lease arrangements that are typically entered into by various airlines, shipping companies & oil and gas companies wherein the lessor provides aircraft/ship/rigs with complete crew, maintenance and insurance to the lessee in return for a consideration based on operating hours. Such arrangements are outside the ambit of value-added tax (VAT) because they lack the essential ingredient of transfer of right of possession and effective control
You may evaluate your arrangement in light of the above clarification, and derive your liability to pay or whether not payable
You may evaluate your arrangement in light of the above clarification, and derive your liability to pay or whether not payable
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
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
