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QUERRY - IMP. TOO FOR U GUYS //////////

1936 views 9 replies

Adv. S Sharma

Lawyer

574 Points Joined October 2007

Hi All,

there are three persons Printer, I nd Beneficiory. I purchased the printed material in the shape of banners from printer nd paid service tax nd VAT on that. Now, I display banners on hoardings and charge service tax from Beneficiory.

Now, the querry is, shoud I charge VAT from beneficiory or not, because property is not passing from me to beneficiory.

I work for the beneficiory nd raise invoice with service tax.

should I charge VAT from beneficiory ?

thx nd regards

Sachin Sharma

Replies (9)

Guest

425855 Points Joined August 2012

Dear Sir/Mam Kindly let me know the HSN Code for Cups Shields & Trophies under UPVAT.

Raman Popli

Chartered Accountant

52 Points Joined August 2007

Your contention is not correct that VAT is chargeable only when there is transfer of property in goods. VAT is also chargeable when there is transfer of right to use the goods. In this case since the goods involved(hoardings) are immovable in nature so VAT should not be charged. This is only my personal contentions.If you have further inputs pl. let me know.