LAXMIKANT JAIPURKAR (Practicing Company Secretary/Tax Consultant) (403 Points)
25 December 20121) Whether service tax is required to be paid on royalty received on software by its developer ? The royalty is per software and charged on quarterly basis.
2) If a party is having the software contract and charging/paying the service tax on it. If it allots the sub-contract to another party, whether the "another party" is liable to collect and pay service tax ?
Pl. advice
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 26 December 2012
Service tax will be applicable on royalty.
CMA RAVI
(ASSISTANT MANGER - FINANCE)
(478 Points)
Replied 26 December 2012
| Originally posted by : LAXMIKANT JAIPURKAR | ||
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1) Whether service tax is required to be paid on royalty received on software by its developer ? The royalty is per software and charged on quarterly basis. 2) If a party is having the software contract and charging/paying the service tax on it. If it allots the sub-contract to another party, whether the "another party" is liable to collect and pay service tax ? Pl. advice |
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Service tax is applicable on royalty services .
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