Service tax & sales tax
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2014
If an IT company manufacturing a software and selling to client. and that client will be selling to customers. which tax will be applicable?
only service tax, only sales tax or both.
Company situated in Madhya Pradesh.
only service tax, only sales tax or both.
Company situated in Madhya Pradesh.
05 May 2014
Only Sales TAx will b applicable, coz any service has not been provided.
05 May 2014
Hello Dear.
Software development and sale of the same is covered under Service Tax vide Notification No. 18/2008-S.T., dated 10.05.2008.
It doesn't attract the Sales Tax as Sales Tax is applicable on goods which can be physically delivered.
Service tax may be exempted if your company is registered under STPI or SEZ etc.
Regards.
Sushil
Software development and sale of the same is covered under Service Tax vide Notification No. 18/2008-S.T., dated 10.05.2008.
It doesn't attract the Sales Tax as Sales Tax is applicable on goods which can be physically delivered.
Service tax may be exempted if your company is registered under STPI or SEZ etc.
Regards.
Sushil
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