Service tax , excise duty and vat
This query is : Resolved
VINEET KUMAR SHARMA
(Querist)
24 July 2013
Respected sir/madam
i want to know the following questions?
i want to formed a pvt. ltd company and starts a business of "SOFTWARE" Manufacture in india and subsequently sale to other vendor/user.
pls suggest me , which tax is applicable on my first bill raised to the vendor /user.
EXAMPLE
tax invoice
ss company bros date 15/7/2014
add ,.hari nagar
phone 5852582
software for designing RS 25000
+TAX ?
TOTAL BILL DUE
i want to know the following questions?
i want to formed a pvt. ltd company and starts a business of "SOFTWARE" Manufacture in india and subsequently sale to other vendor/user.
pls suggest me , which tax is applicable on my first bill raised to the vendor /user.
EXAMPLE
tax invoice
ss company bros date 15/7/2014
add ,.hari nagar
phone 5852582
software for designing RS 25000
+TAX ?
TOTAL BILL DUE
RENGARAJ R.K
(Expert)
24 July 2013
It depends upon the software. First of all you have to register yourself under your local VAT Act and start collect your state VAT, if applicable for software. Regarding Service Tax, first 10 lacs, you have an exemption.
In my opinion, software designing will not attract VAT and service tax will be applicable after 10 lacs. However, if you have trade mark for your company, 10 lac exemption is not available. Excise Duty will not come immediately.
In my opinion, software designing will not attract VAT and service tax will be applicable after 10 lacs. However, if you have trade mark for your company, 10 lac exemption is not available. Excise Duty will not come immediately.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
