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Vat on lease rent

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2012 Dear Sir,

Pleas advice, whether we can charge VAT on lease rent on machinery.

Regards,

Santosh
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
04 July 2012 Mr Santosh, which state the question relates?

Any how, the answer is: The transfer of right to use (lease) any equipment/machinery is liable to vat in the state vat act. The rate of vat is to be referred to the state schedule.
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2012 Thank you sir..
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