Whether service tax applicable or not
Querist : Anonymous
is production of software n selling of such software, vat is chargeable or not..???]
Service tax too is applicable:
APLLICABLE TAX RATES ON INFORM ATI ON TECHNOLOGY SOFTWARE:
SALES TAX/ VAT
It is charged at the rate fixed by each state as it is a tax imposed by state governments.
CVD/EXCISE DUTY
It is charged at the rate of 10% approx.(10.3%) on MRP less 15% abatement. (please check for the updated rates
SERVICE TAX
It is charged at the rate of 12.36% on the total amount received from the buyer.
Querist : Anonymous
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- U/s.234E late fee- balated filing the TDS returns
- Traces Portal
- Rectification of TDS return - Sale of property
- Capital Gain Incidents
- Applicability of corporate governance provisions as per the SEBI LODR
- Cheque bounce intimation letter
- Form 121 of income tax
- Minor - PPF Rules Doubt
- TDS ON RENT OF RESIDENATIAL PROPERTY
- REVERSAL PROPORTIONATE ITC
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
