Supply of Tangible Goods for use in India
This query is : Resolved
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
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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