I am working as FM in 361DM. We are doing online platforms for university programs for which we have collaborations with important universities all over India and students are getting admitted for these programs. Also we developed our own IT programs for students/corporates for which we would do admissions for our own IT programs. My question is 1) Are Service tax and Vat applicable on our own developed programs?
2) If applicable what is the rate?
Unless you sell or provide for usage with monetary benefits, there won't be any such liability.
Dear Mr Dhirajlal Rambhia,
Thank you for reply. These IT programs are developed by our Company and are made for sale of these programs to the college students and IT working professionals.
Kindly answer whether 1) ST is applicable 2) VAT is applicable
Regards
K.Magesh
Abic and Mani Chartered Accountants
Kottayam
B.Com
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