Maharashtra vat
This query is : Resolved
28 January 2013
MVAT rate on software services?
28 January 2013
Hi Rajesh,
in Maharashtra VAT Act, vat is 5% on IT product ( IT product as notified by state government time to time). and Software is covered under IT product at serial no.14( link for notification for IT product- https://www.mahavat.gov.in/Mahavat/MyFold/KNOWLEDGE%20CENTER/NOTIFICATIONS/KNOW_NOTIFI_MVAT/NOTIFICATION-MVAT-2005-016.pdf
).
hence software is taxable @5% vat.
regards
CA Vipin Jain
in Maharashtra VAT Act, vat is 5% on IT product ( IT product as notified by state government time to time). and Software is covered under IT product at serial no.14( link for notification for IT product- https://www.mahavat.gov.in/Mahavat/MyFold/KNOWLEDGE%20CENTER/NOTIFICATIONS/KNOW_NOTIFI_MVAT/NOTIFICATION-MVAT-2005-016.pdf
).
hence software is taxable @5% vat.
regards
CA Vipin Jain
30 January 2013
Thanks for prompt reply.
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Consolidated financials
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
