Software purchase
This query is : Resolved
16 May 2012
Our co has decided to purchase Mcafee software with license for 3yrs. The vendor demands payment on the following basis:
Software : 3,78,000
Tax @ 12.36 % : 46,721
Vat @ 5 % : 21,236
Total :4,45,957
Is this correct???
Shall we proceed the above for payment??
Please tell me....
Software : 3,78,000
Tax @ 12.36 % : 46,721
Vat @ 5 % : 21,236
Total :4,45,957
Is this correct???
Shall we proceed the above for payment??
Please tell me....
21 May 2012
Mr Mohan babu,
In fct both VAT and ST are not to paid on thee same transaction.On software sale5% VAT is charged in all states.There is a case law ruling that software making is a service also and hence ST is leviable.There is some confusion.However,confirm from others also.
MJK
In fct both VAT and ST are not to paid on thee same transaction.On software sale5% VAT is charged in all states.There is a case law ruling that software making is a service also and hence ST is leviable.There is some confusion.However,confirm from others also.
MJK
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