Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: due date for vat payment :: articles on VAT and GST in India :: VAT Audit :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: empanelment :: Central Excise rule to resale the machines to a new company
 
 
« Service Tax »
 Excise, service taxpayers to migrate to GST portal by Jan 31
 Centre, state governments work on formula for 'GST on high seas'
 What is service tax?
 Tax to bring transparency, benefit companies operating in state, says Gujarat CM Vijay Rupani
 PAN a must for excise, service taxpayers for GST registration
  Service Tax for Internet Based Services in India from December 2016
 Way ahead for GST with certain provisions
 Goods And Services Tax (GST) Rollout Unlikely Before June-July
 GST: States demand tax on high sea sales, higher compensation
 What is the Difference Between Service Tax and Service Charge?
 What’s the difference between service tax and service charge?

IT industry seeks clarity on taxation
August, 01st 2008

Hit by imposition of service tax, the IT industry has asked the government to come out with a clear classification of packaged software explaining if this item should be listed under goods or services. Lack of clarity and imposition of service tax on packaged software could lead to increased litigation in the sector, industry experts said.

There is a question on sustainability of the levy on information technology services, said Atul Gupta, senior director, Deloite India.

Microsoft India tax director Ashwini Sachdeva said for the last 8-10 weeks, the software business has been paralysed because of the ambiguity created by the notification.

Confusion arises as the notification does not make a clear demarcation if software will be sold as a good and hence liable for sales tax (VAT) or considered as services bringing it under service tax. The ambiguity is likely to affect the business of companies like Microsoft and Adobe in the way they sell their packaged software. Levy of tax on this item will become effective from May 16, 2008.

The government has made it clear that it intends to subject all software to either service tax or excise duty. Certain aspects of the new service tax provisions are not very clear with respect to their application to software products.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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