Circular on Applicability of indirect taxes on import of packaged software
Nov 7, 2009 Service Tax
The Central Board of Excise and Customs („CBEC?) has issued a circular clarifying the position of taxability of packaged software imported into India. Pursuant to introduction of service tax on Information Technology Software Services („ITSS?), the imported packaged software was exposed to double taxation, viz. –
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Tags: actual software, commercial exploitation, customs duty, Excise Duty, furtherance, hardwares, indirect taxes, information technology agreement, information technology software, intellectual property right, packaged software, software components, software service, taxable service, technology software products