Query relating to vat
This query is : Resolved
15 November 2012
Dear Members,
XYZ Private limited (Company is in Bangalore) which is a subsidiary Company of a US Company, whose main object is developing software and selling the same to its parent company.
Kindly let me know whether VAT registration is required for this Company. If so for what purpose? Pl enlighten me with the applicable provisions.
Thanks and Regards
Vinay B L
XYZ Private limited (Company is in Bangalore) which is a subsidiary Company of a US Company, whose main object is developing software and selling the same to its parent company.
Kindly let me know whether VAT registration is required for this Company. If so for what purpose? Pl enlighten me with the applicable provisions.
Thanks and Regards
Vinay B L
15 November 2012
VAT Registration not required in your case since the developing software purely related to service nature.
Incase of readymade software sale then VAT registration required for sale of software will attract VAT.
Incase of readymade software sale then VAT registration required for sale of software will attract VAT.
16 November 2012
VAT registration is required even for exporters of software.As software is taxable while exporting the same you can claim refund of the VAT paid to vendors on such purchases...MJK
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
