banner_ad

Vat on rent income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 September 2011 SIR

WE SUPPLY MATERIAL TO X PARTY WITH BILL BUT ALONG WITH MATERIAL WE ATTACHED TOOL AND WE RECEIED RENT ON TOOL LET ME CLARIFY THAT WE ARE LIABLE TO PAY VAT ON RENT AMOUNT
Profile Image

CA Pushpendra Gaur

Profile Image

CA Pushpendra Gaur (Expert)
16 September 2011 No you are not required to pay VAT on the same as it is not a sale unless letting is Hire Purchase Agreement or Financial lease. If operationg no Vat is required to be paid
Profile Image

DHIREN

Profile Image

DHIREN (Querist)
16 September 2011 it separatly shown in balance sheet
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details