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Software Purchase, Customs - Exim - SEZ |
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Software Purchase |
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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, no physical delivery and paper licenses. Do I need to pay Excess Duty %/ Import Duty %or other charges?
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Hello Mr. Naikar, In the conditions described by you, it appears 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 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 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 tax will be on your firm. Page: 1 Old Query - New Comments are closed. |
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