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Supply of Tangible Goods for use in India

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10 June 2011 please tell me

if the tangible goods like Plant machineries, Furnitures, Electronic Items etc. are letout then whether the service tax or vat is applicable,or we can opt for composite scheme under both the case if applicable the both the taxes like service tax and vat

10 June 2011 If right of possession and effective control is passed on, vat is attracted, otherwise service tax is attracted.



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