Service Tax on Plant and Machinery
This query is : Resolved
28 May 2009
Dear Sir,
Suppose if a company gives the Production Machine to the sister Concern on rental basis is service tax applicable on the same if yes than under which category it should be levied
Regards
Ravi Konda
Suppose if a company gives the Production Machine to the sister Concern on rental basis is service tax applicable on the same if yes than under which category it should be levied
Regards
Ravi Konda
28 May 2009
You need to ascertain, whether effective control and possession has been transferred.
If yes, the transaction will treated as deemed sale and liable to VAT.
If no, Service tax will be applicable under the category of "Supply of tangible goods for use".
If yes, the transaction will treated as deemed sale and liable to VAT.
If no, Service tax will be applicable under the category of "Supply of tangible goods for use".
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