Customs Duty on Software
This query is : Open
28 August 2009
Is customs Duty Applicable to Software??
if yes
Our company imports Software licenses from Microsoft all transaction are through online only. they receive the License online and they transfer it to Reseller for a commission.
weather Customs duty is applicalble for such transactions??
The Company Chages both Sales tax (VAT) and also Service tax,(not WCT)
VAt at State rates
Service tax @ 10%+3%
Please Clarify weather Customs duty is applicable..
Is customs Duty Applicable to Software??
if yes
Our company imports Software licenses from Microsoft all transaction are through online only. they receive the License online and they transfer it to Reseller for a commission.
weather Customs duty is applicalble for such transactions??
The Company Chages both Sales tax (VAT) and also Service tax,(not WCT)
VAt at State rates
Service tax @ 10%+3%
Please Clarify weather Customs duty is applicable..
28 August 2009
IT is still not clarified by the CBDT as to consider it as an Goods or Services. Thus, most charges both VAT as well as ST and thus there is no clarification is possible. It is chargeable to VAT as it is CD format and should be considered as Goods and should be an Service as it is an Self Designed Product.
I hope you will get the information and the same would be resolved ASAP.
I hope you will get the information and the same would be resolved ASAP.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Free lancer income
- STCG FOR GOLD ETFs
- Specified Profession
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
