Rukshi (Service) (32 Points)
15 December 2008State giving brief reasons, whether sales tax can be levied on following transactions: (i) Sale of newspapers (ii) Giving utensils on rental basis (iii) Supply, erection, testing and commissioning of water supply line. (iv) Development of Software.
Please answer this urgently..
rani
(article assistent)
(53 Points)
Replied 15 December 2008
a)yes, sale on news paper
b) No, there is no sale involved.
c)No.erection is a service or technical work but not sale
d) software is goods.but exempted from leavy of service tax.
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 15 December 2008
I guess Development of IT software is chargeable to ST as per Finance Act 08
CAclubindia
