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
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??
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