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Karnataka vat query

1228 views 2 replies

We are a cloud based software company. On direct sales, we are charging Service Tax of 12.36%

Now we have appointed a distributor, whom we would be selling the software at a price. As per my accountant, we need to charge Karnataka VAT on this transaction. However, we are not sure of VAT rate whether 5.5% or 14.5%.

 

Kind let us know the correct rate and also if I am wrong anywhere.

Thanks

Replies (2)

Hi

Computer Software VAT rate will be 5.5% in Karnataka

 

with regards,

Subramanya

I got mail from VAT office

 

"Intimation of declaration of carry forward of excess input tax credit /excess payment in the return / returns filed"

 

Any action need to take??


CCI Pro

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