Vat and service tax
This query is : Resolved
11 August 2013
When a dumb pontoon barge (floating marine craft) is taken on charter service tax is applicable and owner charge service tax. We have been advised by our consultant that marine craft taken on charter with manpower it will attract service tax and if it is dry charter without manpower it attracts sales tax. Is it correct that VAT is applicable in such deals.? If so whether service dept later on demand service tax? Does rule permit charging both VAT and Service Tax?
If VAT is applicable what is the percentage?
If VAT is applicable what is the percentage?
12 August 2013
Once you charter a barge to some one with their full control it amounts to leasing and VAT is leviable on the rentals received from the customer. If its operation is in your own control(with your men on duty) the amounts received become hire charges and not taxable under VAT laws.Then it is chargeable with ST only...mjk
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
