lease rental

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mansingh (Querist)
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29 May 2009 sir i want to know about vat on lease rental of movable properties, rate of tax & can i get input credit against lease rental.

CA Nitin Wadhwani (Expert)
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29 May 2009 VAT is leviable on lease of movable properties if possession and control is transferred.
VAT is levied @ 4% under MVAT Act, 2002.

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