Service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2015
Dear Experts
, with due respect and i want to know that my client have given a JCB Machine to a factory on a condition of Monthly Rent, without any agreement. The factory owner have suggested that to avoid Service Tax implication make a agreement between factory and my client that the Possession and effective control of machine had been transferred to factory owner, if the agreement will be prepared then my client will be far away from the ambit of Service tax, my question is please give me any sample of agreement of "TRANSFER OF RIGHT TO USE GOODS".
, with due respect and i want to know that my client have given a JCB Machine to a factory on a condition of Monthly Rent, without any agreement. The factory owner have suggested that to avoid Service Tax implication make a agreement between factory and my client that the Possession and effective control of machine had been transferred to factory owner, if the agreement will be prepared then my client will be far away from the ambit of Service tax, my question is please give me any sample of agreement of "TRANSFER OF RIGHT TO USE GOODS".
08 August 2015
if possession and active controll of machine is transferred, it will attract tax under Transfer of rights to use under VAT.
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
