Intellectual property service

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Khushboo Motwani (Querist)
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08 March 2012 What are the Integrated Circuits not covered by Indian Law......

Not be covered under Taxable service......

Could anyone explain the meaning of this term related with the abovementioned taxable service......with the halp of an Example.....

rajula gurva reddy

rajula gurva reddy (Expert)
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11 March 2012 It is not clear as to how the Integrated Circuits are liable to Service Tax when there is no provision of Service. In the case of ICs, they may be sold and where Excise Duty/VAT is required to pay.

Khushboo Motwani

Khushboo Motwani (Querist)
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11 March 2012 Thanx a lot sir....

But my Question is regarding the meaning of this term.....that what are the Integrated Circuits....???

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rajula gurva reddy

rajula gurva reddy (Expert)
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12 March 2012 Integrated Circuits are electronic components and used in all electronic devices used by us in day to day life and in industrial area.