Easy Office
LCI Learning

Is VAT applicable on renting a movable item/equipment?


30 January 2009 Hello! Everybody,

Can anyone give notification/circulars on the following in Andhra Pradesh:

Our company provide a tanker on hire/rent basis to a customer on day/week/monthly basis, which is movable item, based on the customer requirement, who'll issue an order for the same.

Is this transaction comes under sales tax?
If comes, under which schedule? Give the notification/circular number. And also prove the rate of tax?

Thanks

30 January 2009 yes giving tanker on hire / rent basis amounts to sale and attracts tax


31 January 2009 Thanks Mr. Vasanth D Jaganath

Shall we collect VAT and pay to the department?
What is the rate of tax for this? please.
Whether we've to collect 4% or 12.5% VAT?




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query