Applicability of vat
This query is : Resolved
siva nagaraju
(Querist)
23 February 2015
in case of sale of software license is vat levied on service tax.
on 23-02-2015 I read a post about convergence of As.
in that every company should follow ac/ing std.it means did exempted class of companies also should follow ac/ing std.
please solve my queries sir.
MJ Krishnamurthy
(Expert)
24 February 2015
There will be no VAT on service tax and vice versa,irrespective of the accounting standard follwed.....mjk
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