Taxes
This query is : Resolved
Sachin B.Kumbhar
(Querist)
29 September 2013
We are a manufacturer, buying Edge Cam Software for designing worth Rs.120000/- what will be taxes we need to pay for interstate purchases.
CA Kapil Verma
(Expert)
29 September 2013
you need to pay service tax and CST.
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Sachin B.Kumbhar
(Querist)
29 September 2013
We are a manufacturer in Maharashtra, buying Edge Cam Software for designing worth Rs.120000/- . Suppler from Karnataka charging Service Tax @ 12.36% & also CST @5.5% . Is it correct ? if it is yes should I deduct TDS on full Amount. Can I purchase it with 2% CST against C'Form.
CA Kapil Verma
(Expert)
29 September 2013
it correct.
you can purchase on 2% with cst.
TDS should be deducted on full amount of bill.
you can purchase on 2% with cst.
TDS should be deducted on full amount of bill.
Sachin B.Kumbhar
(Querist)
29 September 2013
I heard from my Sales Tax Consultant, we can not issue C'form for Software. Pls. elborate the possibilities for issuing C'form
CA Kapil Verma
(Expert)
29 September 2013
c form availity is depend on the work and profile of the company.
currently sales tax department are issuing c form only for the raw material purchase.
but you consultant can arrange the c form.As you know how Sales tax department work.
currently sales tax department are issuing c form only for the raw material purchase.
but you consultant can arrange the c form.As you know how Sales tax department work.
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