Levy of Vat and Service Tax

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..... LEVY OF VAT AND SERVICE TAX: COMPANIES LIKE ORACLE HAVE STARTED LEVYING BOTH VAT AND SERVICE TAX ON SOFTWARE LICENCES SUPPLIED BY THEM. AS PER SUPREME COURT JUDGEMENTS IN OUR OPINION VAT AND SERVICE TAX BOTH ARE NOT LEVIABLE AND VAT ON PRODUCT AND SERVICE TAX ON SERVICES AS THERE IS NO CHANGE IN LAW ON INTRODUCTION OF IT SERVICES UNDER SERVICE TAX FROM CURRENT YEAR MAY 08. GRATEFUL TO HAVE YOUR VI .....

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..... EWS - Reply By Surender Gupta - The Reply = There is no change in the statutory provisions to enable levy of both the taxes (VAT and Service Tax) simultaneously. This practice is not correct. - Reply By G.RAJENDRAN - The Reply = NO VAT AND SERVICE TAX CAN BE LEVIED SIMULTANEOUSLY ON THE SAME VALUE. VALUE IS TO BE BROKEN INTO TWO PARTS. ONE FOR TOWARDS SALE OF SOFTWARE ON WHICH EXCISE AND VAT MA .....

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..... Y BE LEVIED AND OTHER COMPONENT IS TOWARDS SERVICE ON WHICH SERVICE TAX IS TO LEVEIED - Reply By E.V.CHANDRA SEKHAR - The Reply = Sir, In vat returns is it required to reported labour portion ( arised in works contract)in vat returns. if required where it is to be reported. thanks c.sekhar. - Reply By Anantha Padmanabha Bhat - The Reply = Can some one highlight the case laws if any on this .....

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..... issues. Also share generally accepted accounting priciples to bifurcate Sale component and Service component on Sale of software. - Levy of Vat and Service Tax - Query Started By: - V.S. LAKSHMI KANTHA M.Com, LL.B, FICWA Dated:- 22-11-2008 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagem .....

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..... entindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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