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Renting out a car

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(Querist)
19 March 2012 A car is available in the name of the business whose main business is selling tyres.

The car is being given on rent @ 20000 P.M

What will be the treatment??

is Service Tax applicable/ Vat ??
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Pragnesh

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Pragnesh (Expert)
19 March 2012 Service tax will be applicable if Gross receipt/bill of rent is exceed specified limit.

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