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Vat on lease

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(Querist)
17 August 2013 At what rates VAT is applied on Lease of Car rental & under which section? Give me a detailed note on it.
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Prakash Kochar

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Prakash Kochar (Expert)
26 August 2013 Transfer of rights to use the goods is covered under definition of sale, there fore is liable for tax under VAT Act (Maharashtra)
Tax payable will be @ given on goods which is leased / rights for transfer are used.

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