RE: [aurangabad_ca] Think twice before downloading software after this budget

Wednesday, March 3, 2010 8:53 PM By Livemail

 

Dear Mr. Tony,

 

Import of Services rules are applicable only to commercial concerns and not for individuals. Therefore, even if, an individual downloads software from a web-site, he/ she need not pay service tax on same.

 

With warm regards,

 

Pralhad Mandhane

Partner

 

Kirtane & Pandit

Chartered Accountants

'Sangati' 73/2/2 Bhakti Marg,

Off. Law College Road,

Pune - 411 004

Ph    : +91 020 2543 31 04 / 2543 87 64

Fax  : +91 020 2544 76 03

Mob:  97640 03943

 

Visit us at: www.kirtanepandit.com

 

 

From: aurangabad_ca@yahoogroups.com [mailto:aurangabad_ca@yahoogroups.com] On Behalf Of Tony M P
Sent: 02 March 2010 10:13
To: aaykarbhavan; aurangabad_ca; bhilai-ca; feeds@caclubindia.com; GlobalIndianCAs; ICAI_CIRC_MEERUT_CA; taxconsultinggroup; thanecas
Subject: [aurangabad_ca] Think twice before downloading software after this budget

 

 

Downloading of software for personal use is now proposed to be taxed under service tax and attracts tax @ 10.3%.

Normally service tax is payable by service provider. However, if service provider is non resident, service receiver is the person liable to take service tax Regn and pay tax to Govt, as if he himself is deemed as service provider. In this case, the basic exemption limit of Rs. 10 lakhs is not available.

As a result if you download a software from a foreign website and pay Rs. 100, get prepared to take service tax Regn and pay tax and file service tax returns !!!

 

For more budget tips, logon to my site at www.mptony.blogspot.com

 

 

 

With Warm Regards,

 

CA. TONY.M.P

THRISSUR,KERALA

Mobile: 094470 80631.
Email: trc_mptony@yahoo.com

Visit my blog: www.mptony.blogspot.com

free SMS from CA CLUB: Send the message ON CACLUB-Channel to 9870807070

 



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