A company located in chennai is engaged in the following services.
1. Software Development
2. Web desiging
3.Maintenance of softwares.
4.Customized web application development
Can anyone let me know whether VAT or Service tax or both VAT & service tax is applicable during billing ?
I need some links or proof to confirm your answer. Thanks in advance..
Hi John,
Software Industry is one of the industry where Service Tax and VAT both are appicable for this organization,
As per your question VAT is applicable for (Software Development) and others are comes under Service Tax.
Wehn the company developed the software and sell it to many companies through CDs then this should be a VAT Invoice and the maintenance, design should comes under Service Tax act.
Thanks
MR. RAKES KUMAR IS RIGHTLY SAID.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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