An individual wants to start a new business of renting out laptops only within Maharashtra. He is not registered with Sales Tax / VAT / Service Tax department anywhere. Please inform whether he is required to register with any of these departments. Whether VAT or Sales Tax will be applicable to him?
Menu
Renting of laptops - vat applicable?
Replies (1)
Hi,
According to me Vat will not apply since it is for renting which comes under service.
You will be required to register under service tax as your turnover reach 10 lac and charge service tax thereafter.
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
