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Rental on machinery as per TNVAT Act

VAT and Sales Tax - Started By: - Rambabu Dompaka - Dated:- 16-6-2016 Last Replied Date:- 23-6-2016 - Dear Expert,We are giving our machines on rental basis to local and outstation customers and we are charging service tax on it.As per our assessing officer ,he was insisting us to charge VAT or CST on that rental income. Please let me know, how far it is correct to collect sales tax from our customer. Some of our customers are not agreeing with us on this matter.Please help us with relevant sec .....

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.Read more at: http://www.caclubindia.com/forum/machine-given-on-hire-service-tax-or-vat-applicable-46362.asp.You are only renting the machinery, which is not a sale, so VAT/CST will not be applicable.Please refer to Definition of Taxable Service given u/s 65(105)(zzzzj) of Finance Act, 1994 as amended. It is as follows: Taxable Service means any service provided or to be provided to any person, by any other person in relation to supply of tangible goods including machinery, equipment and applia .....

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be provided to any person, by any other person in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of possession and effective control of such machinery, equipment and appliances. If conditions as included in above definition (in bold) are satisfied, Service Tax would be levied.Read more at: http://www.caclubindia.com/forum/machine-given-on-hire-service-tax-or-vat-applicable-46362.aspPlease refer to Definition of Taxable Servi .....

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w.caclubindia.com/forum/machine-given-on-hire-service-tax-or-vat-applicable-46362.aspPlease refer to Definition of Taxable Service given u/s 65(105)(zzzzj) of Finance Act, 1994 as amended. It is as follows: Taxable Service means any service provided or to be provided to any person, by any other person in relation to supply of tangible goods including machinery, equipment and appliances for use, without transferring right of possession and effective control of such machinery, equipment and applia .....

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