vat on rent of machinery
This query is : Resolved
11 December 2008
pls. tell whether there is any Vat on rent of Machinery. IF Yes what is the %.
CA. Raviprakash M.S
(Expert)
11 December 2008
The position under karnataka VAT is below.
The definition of the term Dealer Sec. 2(12) includes a person engaged in the business of transfer of the right to use any goods for any purpose.
Hence hiring of machinery attracts VAT.
You have to checkt your states Act and the definition of the term dealer for your query.4
The definition of the term Dealer Sec. 2(12) includes a person engaged in the business of transfer of the right to use any goods for any purpose.
Hence hiring of machinery attracts VAT.
You have to checkt your states Act and the definition of the term dealer for your query.4
G Muralidharan
(Expert)
11 December 2008
Machinery rental charges come under Right to use, which are taxable under TN VAT u/s4.
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