Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT Audit :: due date for vat payment :: form 3cd :: list of goods taxed at 4% :: empanelment :: cpt :: VAT RATES :: Central Excise rule to resale the machines to a new company
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

Govt devising ways to reduce double tax on packaged software
April, 06th 2009

In a bid to help packaged software segment from double taxation, the government is working on ways to reduce the burden of levy on them.

"We are discussing on the modalities of their taxation. Right now there is no definite way of treating the packaged software as goods or services. We are finding out a way to tax them in a way so that they are not doubly taxed," said a Finance Ministry official.

As a remedy, the government could cut either service tax on the items or excise duty when classified as a good.

The Central Board of Excise and Customs has received representations from various software industry forums who are concerned with rising costs due to double taxation.

"We have received representations on the issue from many software manufacturers. Microsoft, Nasscom, MAIT and individual taxpayers have come to us," the official said.

One of the options the government is looking at is to treat a part of the value of the software as service and the rest as a good and then tax accordingly, the official said.

When downloaded, they attracts service tax, with downloading treated as a service. It again faces a duty when a licence for the software is taken, as a good. Term packaged software refers to a bunch of software offered to various PC marketing companies to come pre-loaded on branded computers under a licensing agreement.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions