Calculation of Service Tax & VAT on software
This query is : Resolved
30 September 2009
Now as per finace act 2009 the VAT & service tax should be charge on selling software. so could you please confirm which formulla / option amongs the following need to follow?
Option 1-
Basic Price (+)Service Tax of basic price + VAT on Total basic price
OR
Option 2-
Basic Price (+)Service Tax on basic price = Total (with service tax )+ VAT on Total price (sales amount after adding service tax figure in it)
Option 1-
Basic Price (+)Service Tax of basic price + VAT on Total basic price
OR
Option 2-
Basic Price (+)Service Tax on basic price = Total (with service tax )+ VAT on Total price (sales amount after adding service tax figure in it)
01 October 2009
You choose composite tax under both the acts to reduce the tax burden.
If you want to charge at the normal rates then you have to break the value in service component and trade component then charge tax accordingly.
If you want to charge at the normal rates then you have to break the value in service component and trade component then charge tax accordingly.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
