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vat on hiring a machinary

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(Querist)
08 September 2009 is vat applicable on hire charges for hiring a machinary to a company.
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
09 September 2009 VAT is applicable, if the right of the use of movable assets has been transfered. So applicability of VAT will be decided on the terms of the contract.

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