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Lease transaction

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2012 To,
Respected Sir,

Whether plant and machinary which moulds steel coil will chargeable to VAT if given on lease
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
09 April 2012 Generally, Plant & Machinery given on lease is chargeable to VAT. However, it depends varies from state to state.
Also, it depends on amount involved therein.
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
09 April 2012 Agree with expert.
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