Vat on renting of laptop

Mahavat 488 views 1 replies

Dear All,

 

We (party from Mumbai) have hired some laptop from one of our vendor (Party from Mumbai) for 1 year. He has levied MVAT @ 12.5% on that. We want to know whether the same is correct.

 

Thanks 

Regards

 

Replies (1)
Yes it is correct because in hire purchase basis vendor charge Vat or cst depand on state or interstate transition & u would deducted tds on total amount


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