Dear All,
We are in the process of letting out our furnitures, DG Set, UPS etc., on a hiring basis to our customer which is a STPI unit. Please let me know if we have to collect VAT from them or else STPI units are exempted from VAT.
Also let me know if we have to collect VAT from them, can our customers claim back VAT as reimbursement from STPI.
With Regards,
Mukunda
Yes you have to charge the VAT. The refund would be admissible if the STPI also manufactures goods.
Abic and Mani Chartered Accountants
Kottayam
B.Com
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CCI
Pro
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