TMI BlogVAT on intengiblesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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 Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply = 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 have downloaded ring tone,games,soft,e-shopping,sale of website etc........... - Reply By Jasbir Uppal - The Reply = That in UPVAT act 2008. Al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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-mail : hum_hindustani1@yahoo.com - Reply By Pradeep Khatri - The Reply = Downloading of contents l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ike 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. - VAT on intengibles - Query Started By: - sachin kuchekar Dated:- 26-8-2013 Value Added Tax - VAT-CST - Got 4 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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