Sir,
we are being private limited company providing renting service of Heavy Vehcials like Trailars to another company on monthly basis per trailar rent 150000/- with including driver, diesel and mainatainance exp.
i would like know that what is the rate service tax to be pay and is VAT applicable/not
Mahesh
VAT is applicable only for transfer of right to use any goods. The transfer of right to use should include possession and control over the goods. Since the heavy vehicle is provided along with driver VAT will not be applicable.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
CAclubindia
