Software license
This query is : Resolved
Thamotharan S
(Querist)
05 June 2014
Dear Experts,
Our Supplier Charged VAT5%+Service Tax 12.36%
on the whole value. i.e 17.36%
I have refer online, there mentioned that Software license will attract Central Excise , Service Tax & also VAT...
My questions are
if it is a product then VAT
if it is a intangible product (service ) then Service Tax
if partly Goods & partly service then Works contract provision will apply...
How it will attracts all the tax?
pls clarify me
Our Supplier Charged VAT5%+Service Tax 12.36%
on the whole value. i.e 17.36%
I have refer online, there mentioned that Software license will attract Central Excise , Service Tax & also VAT...
My questions are
if it is a product then VAT
if it is a intangible product (service ) then Service Tax
if partly Goods & partly service then Works contract provision will apply...
How it will attracts all the tax?
pls clarify me
Amol S Joglekar
(Expert)
05 June 2014
exception proves the rule......
would like to have your views as to why you feel that on software liscence only one tax should be levied.
would like to have your views as to why you feel that on software liscence only one tax should be levied.
Thamotharan S
(Querist)
18 June 2014
My view is Sale & Service should be two distinctive one.... It might be under VAT OR service.... isn't it?
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