Vat attract on machinery rent
This query is : Resolved
08 December 2011
Pl tell me vat liable on machinery rent & which rate
08 December 2011
VAT is not applicable on machinery rent.
09 December 2011
VAT is applicable on Renting out of immovable property including machinery. The applicable rate of VAT in the state for that good is the rate to be applied on machinery let out.
10 December 2011
Agree with Ravindra is right, for more please provide the name of state.
02 February 2012
VAT is not applicable on Immovable property in MVAT ACT.Transfer of right to use any goods for any purpose is covered under definition of sale under VAT act (Mah). If the possession of machinary is given with rights to use then VAT wil attract but not on immovable property(being not goods.
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
