Tax laiblity
This query is : Resolved
Muthu Kumaran
(Querist)
11 July 2012
I have a simple question for renting /hiring out Gen sets ? ( Not transfer the ownership rights) Is it service taxable or not ? Presently we are collecting only VAT from the end user.
11 July 2012
Hiring of Machinery is treated as deemed sale under MVAT act. accordingly VAT is liable to charge & not service tax.
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