TaxTMI 
TaxTMI 
VAT on intengibles
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....AT on intengibles<br> Query (Issue) Started By: - sachin kuchekar Dated:- 26-8-2013 Last Reply Date:- 28-8-2013 VAT + CST<br>Got 4 Replies<br>VAT / Sales Tax<br>Dear All, I hereby wants to make general discussion on VAT applicability on intangible e.g. pattern,copyright,trademark or in other words we can say "right to use." Reply By Pradeep Khatri: The Reply: These intangibles are specifically....
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.... mentioned in the VAT Schedules and are taxable @ 5% on sales. Term, Right to use can't be appropriate for the same. Reply By sachin kuchekar: The Reply: hi friend.... I am not talking about rate applicability........ My query is on which type of transactions can be considered as right to use majorly it is on telecom , software industry.......... and second thing is intangibles for e.g if you....
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.... have downloaded ring tone,games,soft,e-shopping,sale of website etc........... Reply By Jasbir Uppal: The Reply: That in UPVAT act 2008. All intangible goods like copyright, patent, rep. license etc; are mentioned in Rate of tax Schedule - II Part-A S.No. 3 and taxable @ 4% plus additional tax @ 1% total tax payable @ 5%. J.S.Uppal Tax Consultant Tel. No :0562-4045013 Mobile No: 9319206519 E-....
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....mail : [email protected] Reply By Pradeep Khatri: The Reply: Downloading of contents like music, games, ring Tones etc. would come under the purview of Service Tax but not under the purview of VAT/CST. E shopping would come under the purview of VAT/CST.<br> Discussion Forum - Knowledge Sharing ....