Applicablity of vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2011
We hired a generator for monthly rental basis.While submitting the bill he claimed VAT on hire charges.
Whehter VAT is applicable for the same?
Whehter VAT is applicable for the same?
08 November 2011
In all most all stats leasing is also included in the term sale. So Vat will be leviable on lease charges. Monthly rental of generator is also a leasing charges and Vat will be applicable.
How ever if there is a rent without transfer of possession then VAT will not be applicable and Service tax will be applicable.
+-
How ever if there is a rent without transfer of possession then VAT will not be applicable and Service tax will be applicable.
+-
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2011
Without Transfer of possession means?
08 November 2011
In your case VAt will be applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
