Karnataka VAT

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Gopal Hegde

Gopal Hegde (Querist)
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16 January 2008 Whether Lease transaction will attract VAT in Karnataka ?

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)
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16 January 2008 Transfer of right to use goods come under the ambit of sales (as per definition of sales given under KVAT Act). This sale is not exempted too.

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Karnataka VAT

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