Budget 2008
This query is : Resolved
10 March 2008
As per budget 2008 4 ner services become chargable to service tax, one of which is "CUSTOMISED SOFTWARE".
As per case of "TATA CONSULTANCY SERVICES", any software sold Whether in CDs or floppy or by any other mode, Central sale tax will be charged.
Now my query is what is difference between these "software" n "customised software" please explain with example
As per case of "TATA CONSULTANCY SERVICES", any software sold Whether in CDs or floppy or by any other mode, Central sale tax will be charged.
Now my query is what is difference between these "software" n "customised software" please explain with example
11 March 2008
Customised software means a softwared modified to meet business requirement
For example SAP is a software which meets manufacturing / retail business needs, but it does not support Indian Taxation
To meet with the statutory obligation the SAP has a add on called SIN which supports Indian Taxation.
The software is customized to meet this requirment.
If we buy SAP as is then Vat is applicable, but if it modified then service tax as well as Vat is applicable
Hope this clarifies your inquiry
For example SAP is a software which meets manufacturing / retail business needs, but it does not support Indian Taxation
To meet with the statutory obligation the SAP has a add on called SIN which supports Indian Taxation.
The software is customized to meet this requirment.
If we buy SAP as is then Vat is applicable, but if it modified then service tax as well as Vat is applicable
Hope this clarifies your inquiry
11 March 2008
Should you need any additional clarification do let me know
11 March 2008
Thanks Expert Dayal
11 March 2008
Sorry Mr. Dayal as per judgement in case of SUDHIR KR SHARMA VS ITO it was held that Stipend reveived by article is fully exempt as it is received like scholarship to meet his exp. So it is exempt u/s 10(16)
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