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TMI BlogSoftware PurchaseX X X X Extracts X X X X X X X X Extracts X X X X ..... 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no physical delivery and paper licenses. 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppears that you are planning to have the 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the ambit of IT Software Services [ Section 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from outside India,received in India. In such case 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax will be on your firm. - Software Purchase - Query Started By: - Shashikumar Naikar Dated:- 19-1-2011 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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