I will like to understand the taxation issue on sale of software. A UK based company is selling software online to a Company in India. The Indian company has to pay the total amount to a Related entity in India. Now as the software will be sold online i.e. the Indian Company has to download the software directly from the Internet, in such cases whether VAT is applicable. If applicable which state will have the right to tax such transaction. The state where the Indian Company is located or where the company who will collect the payment is located. Also whether Service tax is also applicable on such software. The software will be "standard software" and can be customise to local needs.
3 Replies
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 21 August 2011
Hi Naveen,
I also want to know the answer, but first of all, Indian company is purchasing the software, there will not be any question of VAT....? Please correct me if i am wrong. As you have posted this querry one year back, if you have got answer, let me also know.
Thanks.. Mahendra
Mahesh
( CA Final)
(132 Points)
Replied 23 August 2011
| Originally posted by : Mahesh | ||
 |
|
 |
Recent Topics
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
Related Threads
CAclubindia
