My company is using computers on rentals for office work. The Vendor is charging VAT on the Rentals. I would like to know whether VAT is applicable or Service Tax.
Please clarify.
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Service tax or VAT on Rental Computers
Replies (3)
Since the control and possession is with the company the owner would have to charge VAT @ applicable for computers ( IN Karnataka it is 4%) as the right to use goods is provided.
Thanks for the reply.
Is it the same for all hired assets like Furnitures etc. Please quote the section under which it is so.
Thanks in advance.
As per sec. 65(105)(zzzzj) of Fin. Act, 1994 ST is applicable under supply of tangible goods service. Please clarify
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