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VAT on rentl

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(Querist)
13 January 2011 sir,
One of my Clint has given plant and machinery on rent and he is charging vat on that, Is vat chargeable on rent of P& M, and if yes than what rate of VAT is applicable ?
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C.A.Javid Patel

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C.A.Javid Patel (Expert)
13 January 2011 1. Principally the Vat is charged on the goods and service tax is charged on services.

2. Renting of plant & machinery is covered under Service Tax and it is a service

3. Hence the vat is not charged on Renting of Plant & Machinery.

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