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LEASE FOR GENSET

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(Querist)
14 April 2009 DEAR EXPERTS

LEASE FOR GENSET VAT APPLICABLE 4% AT SAME BILL SERVICE TAX ALSO ARRACT.MY QUESTION IS WHY ARE CHARGED VAT ?

PLZ CLARIFY

PLZ REPLY WITH NOTIFICATION.

SHADAB
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
15 April 2009 VAT and Service tax are mutually exclusive.
If there is tranfer of right to control, VAT is applicable otherwise service tax is applicable.

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