VAT & Service Tax
Querist : Anonymous
Kindly tell me if a company deals in software business..shall it levy VAT & Service Tax both on the invoice or Just VAT/CST ?
Sale of software in any form is chargeable with 5% VAT. For interstate sales 5% without 'C' form and 2% against 'C' form.No Service tax is applicable.
MJK
Querist : Anonymous
The honourable Supreme Court has also held in several cases that Software is to be treated as goods and therefore chargeable with VAT. A transaction involving a sale of goods can not be levied Service tax,because it is applicable to rendering of services only.Both the liabilities do not arise on the same transaction. So,you can ask for refund of Service tax from your suppier.
MJK
Querist : Anonymous
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