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".
Prakash Kochar
(Expert)
08 August 2015
if possession and active controll of machine is transferred, it will attract tax under Transfer of rights to use under VAT.
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