Service tax applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2014
An Assesse wants to give on lease some Machinery along with Factory Building to its Sister Concern. What will be the implication of MVAT and Service Tax in the following 3 scenarios:
1. The agreement for renting of Factory building and plant & Machinery is made in a single agreement.
2. The agreement for leasing of Building and plant Machinery is made separately.
3. The agreement for leasing is only entered for Building but in reality Plant and Machinery is also given on lease
Note: A separate debit note for Electricity and other ancillary costs will also be raised apart from the agreement monthly value.
1. The agreement for renting of Factory building and plant & Machinery is made in a single agreement.
2. The agreement for leasing of Building and plant Machinery is made separately.
3. The agreement for leasing is only entered for Building but in reality Plant and Machinery is also given on lease
Note: A separate debit note for Electricity and other ancillary costs will also be raised apart from the agreement monthly value.
24 November 2014
all are taxable service and service tax is applicable.
Rupesh Jain
(Expert)
26 November 2014
you have to pay service tax.
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