VAT of supply of machinery
This query is : Open
26 May 2008
We are giving construciton equipment on rent to any person without transferring right of possession and effective control of such machinery with in India . The machinery operation and maintainence is with us i.e our operator's do the work as per the requirement of the client.
Please advise the applicability of the VAT on the said transactions across India.
Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar
Please advise the applicability of the VAT on the said transactions across India.
Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar
26 May 2008
hi ravi!
your querry seems to be in respect of Lease TAx which is merged with MVAT. according to facts given by u, the MVAT won't be chargeable on ur transaction but according to recent ammendment service tax may be chargeable. i.e on renting of Machinery.
any one either MVAT or Service tax will be chargeable.
your querry seems to be in respect of Lease TAx which is merged with MVAT. according to facts given by u, the MVAT won't be chargeable on ur transaction but according to recent ammendment service tax may be chargeable. i.e on renting of Machinery.
any one either MVAT or Service tax will be chargeable.
28 May 2008
We are giving construciton equipment on rent to any person without transferring right of possession and effective control of such machinery with in India . The machinery operation and maintainence is with us i.e our operator's do the work as per the requirement of the client.
Please advise the applicability of the VAT on the said transactions across India.
Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar
Please advise the applicability of the VAT on the said transactions across India.
Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar
14 July 2008
We are giving construciton equipment on rent to any person without transferring right of possession and effective control of such machinery with in India . The machinery operation and maintainence is with us i.e our operator's do the work as per the requirement of the client.
Please advise the applicability of the VAT on the said transactions across India.
Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar
We are giving construciton equipment on rent to any person without transferring right of possession and effective control of such machinery with in India . The machinery operation and maintainence is with us i.e our operator's do the work as per the requirement of the client.
Please advise the applicability of the VAT on the said transactions across India.
Further can we take the MODVAT credit on equipment purchased and use the said credit against the Service Tax Liability
thanks
ravi bhatnagar
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