Vat on lease
This query is : Resolved
17 August 2013
At what rates VAT is applied on Lease of Car rental & under which section? Give me a detailed note on it.
26 August 2013
Transfer of rights to use the goods is covered under definition of sale, there fore is liable for tax under VAT Act (Maharashtra)
Tax payable will be @ given on goods which is leased / rights for transfer are used.
Tax payable will be @ given on goods which is leased / rights for transfer are used.
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