Tax applicability for lease of machinery
This query is : Resolved
24 July 2013
we are the manufacturers of packaging machinery one of customer want our machine on lease with manpower for one year. for this transaction weather vat applicable or service tax. pls guide.
Vasanth Kumar J K
(Expert)
24 July 2013
giving machinery on lease / rental basis fall under sale definition (deemed sale) right to use attracts tax (vat)
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