TaxTMI 
TaxTMI 
Software Purchase
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....oftware Purchase<br> Query (Issue) Started By: - Shashikumar Naikar Dated:- 19-1-2011 Last Reply Date:- 19-1-2011 Customs - Exim - SEZ<br>Got 1 Reply<br>Customs<br>We are planning to buy one software ....
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....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 licen....
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....ses. Do I need to pay Excess Duty %/ Import Duty %or other charges? Reply By RB SINGH: The Reply: Hello Mr. Naikar, In the conditions described by you, it appears that you are planning to have the ....
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....right to use of imported software supplied electronically and not importing a packaged software. If that be so, it would be a receipt of service covered under the ambit of IT Software Services [ Secti....
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....on 65(105) (zzzze) of the Finance Act]. Since the transaction will be between an Indian Entity and a foreign party, it will be a service provided from outside India,received in India. In such case ....
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....the services shall be taxable in the hands of the recipient under reverse charge (Section 66A of the Finance Act) . The liability to pay service tax will be on your firm.<br> Discussion Forum - Knowle....
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....dge Sharing ....