Dear All Experts,
Please provide me criteria on SOFTWARE under VAT , CSt & ST
Vat, cst & st on softwares
Nilesh Koparde (Hardwork is a key of Success...) (678 Points)
29 December 2012
2 Replies
Ankit verma
(Student CA Final )
(42 Points)
Replied 29 December 2012
zentak sftwere....
u can get more detail on gooooglllleeee....uncle...
pankaj sharma
(student ca final)
(182 Points)
Replied 20 April 2013
if we purchased sotware then vendor charged VAT or CST as the case may be. but if the same has not been covered under sale of goods then liable to ST. u have cleared by below example:-
Mr. X (Vendor/Seller)--------------------------------Mr. Y(Buyer)
Mr. x sold software (e.g. tally software) permanently to Mr. y i.e. transfer all rights and possession to buyer permanently then this transaction liable to sales tax.
In the above exmaple if Mr. X transfer rights on temporary basis (E.g sell tally software on temporary basis i.e. mr. y needs to renewal tally software time to time) then this transaction liable to service tax.
Support-Sec 66 E (declared services- Service tax rules) and Article 366A -constitution of India.
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
