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Vat Applicability - equipments on rent, VAT + CST |
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Vat Applicability - equipments on rent |
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where equipments / plant and machinery is given on rent undre mvat law vat is required to be charged ( sinc the lease act has been merged with vat act) as per service tax act any tangible property given on lease is liable for service tax is in these kind of transactions both vat and service tax will be applicable kindly clarify whether this is correct Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Supply of tangible goods for use and leviable to VAT / sales tax as deemed sale of goods, is not covered under the scope of the proposed service. Whether a transaction involves transfer of possession and control is a question of facts and is to be decided based on the terms of the contract and other material facts. This could be ascertainable from the fact whether or not VAT is payable or paid.
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