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VAT on Medical Transcrption

D.Durga Prasad (CA - Student) (78 Points)

01 July 2008

Can any one help me that,

--> We are a Medical Transcrption and Software Development unit providing operations to our client at USA.

Another kind of work is Medical Transcripttion, here, we receive audio files from our client at coimbattore. we will convert it into text format and we sent back.

We need to Know whether it ishould be applicable for VAT and What Percentage

Thanks and Regards

Prasad

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3 Replies

praveen (student) (47 Points)
Replied 01 July 2008

Hi,

VAT registration is mandatory once the turnover exceeds Rupees FIVE laks whether it is software or manufacture

for Local business you have to charge 4% VAT

You can seek for others advise

regards,

praveen

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Sanjeev Kumar (Private) (895 Points)
Replied 01 July 2008

in your 1st case is concern the client is a USA base hence VAT is not seems to be application i.e. its Export transaction, registration is manadotry: AND

2nd case is concern its not a pure sale because data (audio files) provided by the clients itself. you are doing job work with only. under VAT job work also covered subject to other provisions