NO SERVICE TAX ON SALE OF PACKAGED SOFTWARE:ED ON MRP BASED

Posted: 24 Dec 2010 07:06 PM PST

Packaged software for retail sales has now been brought under the Maximum Retail Price (MRP)-based excise levy. Simultaneously, the Centre has allowed 15 per cent abatement for calculation of excise duty on such software. The abatement is being given to cover the margins in the distribution chain, but domestic software makers say the quantum of abatement is "too low". Till date, excise duty was...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]