Servicr Tax on rent on equipment.
This query is : Resolved
Guest
Guest
(Querist)
10 December 2008
Hi all
Whether service tax is applicable on leasing out on equipments(movable) or vat will be applicable?
Please reply at the earliest.
Thanks in advance
Whether service tax is applicable on leasing out on equipments(movable) or vat will be applicable?
Please reply at the earliest.
Thanks in advance
Himanshu Tandon
(Expert)
10 December 2008
leasing out on equipments(movable) is covered under new service namely supply of tenable goods service 16.05.2008 under service tax.
K V Subba Rao
(Expert)
10 December 2008
Newly introduced category of supply of tangible goods applies if Lessor retains effective control of equipment
Himanshu Tandon
(Expert)
10 December 2008
yes it is true sir that Newly introduced category of supply of tangible goods applies if Lessor retains effective control of equipment. and if the control is transferred then VAT is payable under right to use on it.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
