jinal mehta (Asso accounts manager) (212 Points)
12 July 2016
Ajith T S
(CA )
(431 Points)
Replied 12 July 2016
Hi,
When you are selling the product, VAT needs to be charged. If you are selling the software as such, VAT will be applicable. When you are allowing for subscripttion or something like that, Service tax needs to be collected.
Now a days it is seen that, both VAT and Service tax are charging on the same bill to avoid future problems.
shivani
(consultant)
(122 Points)
Replied 16 July 2016
vat @ 5.5% or applicable as per vat rules ond st on basic cost
CAclubindia
