VAT on lease rent on hiring of machinery

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EMPLOYEE
43 Points Posted on 05 April 2010

Hi all,

One of our client charged and collected lease rent on hiring of projectors and claimed exemption from total turnover. Is it correct. Kindly help me out in the taxability of the above event under Karnataka VAT provisions

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On 05 April 2010 at 13:50 Report
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Article
37 Points Posted on 25 June 2010

is there VAT applicable on rent?

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On 25 June 2010 at 18:30
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Accountant
63 Points Posted on 01 July 2010

Hi,

Many state are imposing vat on lease rent on hiring of machinery. As per APVAT it is applicable

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On 01 July 2010 at 10:20

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