Vat on renting of laptop

Sanket Damodar Karve (Business) (179 Points)

04 December 2013  

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