Vat on lease rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2012
Dear Sir,
Pleas advice, whether we can charge VAT on lease rent on machinery.
Regards,
Santosh
Pleas advice, whether we can charge VAT on lease rent on machinery.
Regards,
Santosh
04 July 2012
Mr Santosh, which state the question relates?
Any how, the answer is: The transfer of right to use (lease) any equipment/machinery is liable to vat in the state vat act. The rate of vat is to be referred to the state schedule.
Any how, the answer is: The transfer of right to use (lease) any equipment/machinery is liable to vat in the state vat act. The rate of vat is to be referred to the state schedule.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 July 2012
Thank you sir..
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