Software Purchase

[Asked by Guest]

We are planning to buy one software for our company located in india from Isreal. What will be the addition cost that i would incur while importing. The software license will transferred via digital, no physical delivery and paper licenses. Do I need to pay Excess Duty %/ Import Duty %or other charges?

AI Summary

Imported software service taxed under reverse charge; recipient must pay service tax for electronically supplied foreign software.
Electronically supplied foreign software that grants a right to use and is not delivered as packaged goods constitutes an imported IT software service. The Indian recipient is liable to account for and pay service tax under the reverse charge mechanism for such services.