Export of Computer Software
This query is : Resolved
CA Kushal Agrawal
(Querist)
01 April 2010
Dear Sir / Ma'am,
If any Private limited company is involved in export as well as domestic sale of computer softwares which are developed by the company as per the client's requirements, then is the company required to collect service tax on the same.
Also till 31st march the business was conducted by a proprietorship firm which is being converted to a Private limited company, so can the company claim the Exemption for the first 10 lakh worth of sales.
Thanks in Advance,
Kushal Agrawal.
If any Private limited company is involved in export as well as domestic sale of computer softwares which are developed by the company as per the client's requirements, then is the company required to collect service tax on the same.
Also till 31st march the business was conducted by a proprietorship firm which is being converted to a Private limited company, so can the company claim the Exemption for the first 10 lakh worth of sales.
Thanks in Advance,
Kushal Agrawal.
Madhukar N Hiregange
(Expert)
02 April 2010
As per the Madras HC in the case of Infosys Tech there customsied software is goods. Therefore VAT wouldbe applicable for local sale. In my view no ST but there is an entry under ITSS which could seek to cover the same.
Yes the pvt ltd can claim the Rs. 10 lakhs exemption. Exports would not be liable.
Yes the pvt ltd can claim the Rs. 10 lakhs exemption. Exports would not be liable.
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