Hire Charges
This query is : Resolved
25 May 2010
Sir/Madam
If any company gives bykes on rent and give the term as Hire Charges whether it will still come under service tax? And whether MVAT will be applicable on it. Please give the answer in detail. So that I can understand the implication of the word HIRE on service tax & VAT.
If any company gives bykes on rent and give the term as Hire Charges whether it will still come under service tax? And whether MVAT will be applicable on it. Please give the answer in detail. So that I can understand the implication of the word HIRE on service tax & VAT.
25 May 2010
Either Service Tax or MVAT will be applicable, not both.
The test is whether effective possession and control has been transfered ?. If Yes, Charge MVAT and if No, Charge Service Tax.
The test is whether effective possession and control has been transfered ?. If Yes, Charge MVAT and if No, Charge Service Tax.
25 May 2010
iT SHOULD COME UNDER Service tax as the activity done are in the nature of services.. You can not selling them so no VAT
25 May 2010
In terms of Article 366 (29A) (d) of the constitution of India, transfer of right to use goods is treated as deemed sale and liable to Sales tax/VAT.
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
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- 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
