21 October 2011
Can any one tell me the difference between supply of tangible goods on lease basis and on hire rental basis ? If some one provide any tangible goods on lease basis ,then in that case service tax will be applicable or not ? Whether vat will be applicable here and no service tax.
If vat applicable then what is the rate of vat in Orissa vat Act?
24 October 2011
The control andpossession with the owner would make the transaction liable for ST and if the same is also transferred to the cusotmer then VAT would be applicable. The VAT rate is normally the VAT rate of the machinery. Pl check local
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