Dear Experts,
Can you please guide me to draft a quotation for supply of ADDITIONAL Software services on locally purchased software and hardware. We wish to purchase some licensed software product and some hardware from Mumbai, India and then do additional software work on this packaged software then sell (both modified software and same hardware) to our client based in Bangalore, India.
1. Will this kind of work come under works contract?
2. What taxes OUR vendor will charge us ? (i.e. excise duty, MVAT, service tax, etc)
3. What taxes shall we charge to OUR client ? (i.e. excise duty, MVAT, service tax, etc)
4. Do we get any input credit ? (i.e. excise duty, MVAT, service tax, etc)
Kindly advise us on the above.
Thanking you !!
CAclubindia
