Applicablity of vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2011
We hired a generator for monthly rental basis.While submitting the bill he claimed VAT on hire charges.
Whehter VAT is applicable for the same?
Whehter VAT is applicable for the same?
08 November 2011
In all most all stats leasing is also included in the term sale. So Vat will be leviable on lease charges. Monthly rental of generator is also a leasing charges and Vat will be applicable.
How ever if there is a rent without transfer of possession then VAT will not be applicable and Service tax will be applicable.
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How ever if there is a rent without transfer of possession then VAT will not be applicable and Service tax will be applicable.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2011
Without Transfer of possession means?
08 November 2011
In your case VAt will be applicable.
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