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
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