Whether hiriing diesel generator sets for three years for supply of power to plant and equipment liable for service tax and/or leviable for VAT under deemed sales?
Menu
Clarification
Replies (1)
Service tax is applicable when a particular service is provided or to be provided by a person to another person for a consideration .
As per VAT LAW of any state deemed sale is included in the definition of sales and so VAT is applicable on deemed sales also
In the instant case the diesel generator is hired by a person for a consideration i.e.rent and not given on lease or on hire purchase basis and so SERVICE TAX is applicable
OK ...
Recent Threads
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
Related Threads
CAclubindia
