VAT applicability

This query is : Resolved

Badri Narain Maheshwari (Querist)
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22 March 2009 if "X" provide trucks on rent or hire on monthly rental basis, i want to know on this rent VAT would be applicable or not but ownership of truck will remain with "X".

i read definitation of "sale" in which it has been mention that SALE include " transfer of right to use goods for any purpose" & in "GOODS" definitation moveable property is include.

BeyondConsultants

BeyondConsultants (Expert)
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22 March 2009 Yes - VAT is applicable as effective control and posession is also transfered to the customer.

Badri Narain Maheshwari

Badri Narain Maheshwari (Querist)
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23 March 2009 author : Badri Narain Maheshwari

Posted On
22 March 2009
if "X" provide trucks on rent or hire on monthly rental basis, i want to know on this rent VAT would be applicable or not but ownership of truck will remain with "X".

i read definitation of "sale" in which it has been mention that SALE include " transfer of right to use goods for any purpose" & in "GOODS" definitation moveable property is include.

is service tax is applicable or not.

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