Service tax or vat
This query is : Resolved
Farheen Mohd Kazi
(Querist)
19 December 2015
A person purchase garments on which he pay VAT @ 5% And gives it on rent
So what is applicable on such rental ? Vat or Service Tax????
So what is applicable on such rental ? Vat or Service Tax????
Ankur Singhal
(Expert)
19 December 2015
it is a service.
Chargeable to service tax.
But you can claim SSP exemption.
And also VAT can not be bboked as credit so it will be booked as expense.
Chargeable to service tax.
But you can claim SSP exemption.
And also VAT can not be bboked as credit so it will be booked as expense.
Farheen Mohd Kazi
(Querist)
19 December 2015
Can you please also provide any supporting if possible?
I ve a case on this
I ve a case on this
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