My client is engaged in construction business. It has given JCB, Poclain Machine etc. on Rent for temporary period. It has received charges for the same. The party to whom equipments were given on rent, has deducted TDS U/s. 194C of income tax. Whether the dealer is liable to VAT on equipments given on rent ? Whether this will be covered by 12.5% VAT as VAT on Hire Charges.
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VAT liability on Hire Charges
Replies (1)
Chargeable to tax when equipment given on lease. rate is 12.5%
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