Hello
I am a tax consultant and one of the client has obtained franchisee from 'just books'.
he has started the business and in turn is renting out the books to customers, so is service tax applicable on such transaction?
Menu
Service tax on renting of books
Replies (2)
It may fall under Hiring or leasing of goods, and will liable for service tax. The only issue is whether there is transfer of right to use the goods or not.
If there is transfer of right to use goods, then it will be liable for VAT.
If it is merely given right to use goods in a particlar way as per the terms, then it will fall under Licensing liable for service tax.
YOu have to check risk when the goods is in possession of the ccustomer.
Please refer to para 6.6.2 of Education Note, where CBEC has clarified on certain things, before you conclude.
thanks sir.i check it
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
