VAT on rentl
This query is : Resolved
Amipara sanjay B.
(Querist)
13 January 2011
sir,
One of my Clint has given plant and machinery on rent and he is charging vat on that, Is vat chargeable on rent of P& M, and if yes than what rate of VAT is applicable ?
One of my Clint has given plant and machinery on rent and he is charging vat on that, Is vat chargeable on rent of P& M, and if yes than what rate of VAT is applicable ?
C.A.Javid Patel
(Expert)
13 January 2011
1. Principally the Vat is charged on the goods and service tax is charged on services.
2. Renting of plant & machinery is covered under Service Tax and it is a service
3. Hence the vat is not charged on Renting of Plant & Machinery.
2. Renting of plant & machinery is covered under Service Tax and it is a service
3. Hence the vat is not charged on Renting of Plant & Machinery.
Message likes :
1 times
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 on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- GST input credit on commercial property
- Gift to nri relatives residing in usa
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
