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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2010 I am going to construct a plant on BOT Basis (Built Own Transfer) for a Company A. i am not going to operate it but I will get the revenue over the period of ten Years from date of completion of the construction. after ten years i have to transfer it to Company A. My Question is

1. is this called finance lease?
2. If it is Finance lease applicablilty of Service tax and VAT?
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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2010 experts pls answer my question
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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2010 answer my query
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Rajesh Kumar

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Rajesh Kumar (Expert)
30 March 2010 You are building the plant for yourself, you shall be owning the plant- no service tax applicable.

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