https://www.taxtmi.com/forum/issue?id=1574 Classification of software as either a supply of goods or a supply of services determines VAT or service tax liability. Customized software created exclusively for a client is typically a service under a works contract and not subject to VAT, while VAT may apply to packaged software or tangible media supplied with the service. Retained resale rights by the supplier can bring the transaction within packaged-software VAT treatment. Contractual terms, IP ownership, and resale rights are decisive for tax characterisation. en-us Thu, 29 Oct 2009 18:07:58 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1574 Classification of software as either a supply of goods or a supply of services determines VAT or service tax liability. Customized software created exclusively for a client is typically a service under a works contract and not subject to VAT, while VAT may apply to packaged software or tangible media supplied with the service. Retained resale rights by the supplier can bring the transaction within packaged-software VAT treatment. Contractual terms, IP ownership, and resale rights are decisive for tax characterisation. Discussion-Forum Service Tax Thu, 29 Oct 2009 18:07:58 +0530 https://www.taxtmi.com/forum/issue?id=1574