Jayesh Krishnan (Equity Research Analyst) (32 Points)
19 November 2009Hi..
Can you tell me if any service tax would apply on hiring of office furniture and fixtures. I intend to pay the concerned party on a monthly basis (80,000 per month) for hiring furniture and fixtures.. So will TDS also apply on hiring of office furniture and fixtures.
Kindly help out with the service tax and TDS query
Regards
Jayesh
Madhukar N Hiregange
(Chartered Accountant)
(39039 Points)
Replied 19 November 2009
NO Service tax however VAT would be chargeable as the right to use goods is provided. In Karnataka the rate is 12.5%.
TDS I am not aware.
Sunil
(Trader)
(2611 Points)
Replied 20 November 2009
TDS is applicableu/s 194I if the rent for the equipment or furniture is likely to or exceeds Rs.120,000 per annum.
Kotresh
(Manager-Accounts )
(23 Points)
Replied 07 September 2012
We have given Hired bases furniture and fixture to thired party, we have collect service tax from them?
Please suggest to me.
CAclubindia
