Please Help: customized software taxability

Posted Date : 17-Jan-2014 , 12:01:56 am | Posted By VARUN UPADHYAY

What is applicable on customized software, vat or service tax. If I am software developer and I charge Rs 2 Lacs for a software, then what would be my tax liability? If I am developing this software for my foreign client, then what would be tax liability in this case?

Category : Service Tax | Answers : 0 | Comments : 2 | Hits : 235

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Aseem Rana

18-Jan-2014 , 06:18:17 pm

Service Tax is applicable on Information Technology Software as the same is covered under Declared Service under Section 66E of Act. Your Services fall under the performance based services as per place of provision of service rules 2012 and the place of provision shall be the location where services are actually performed.