Is the supply of software treated as a supply of goods or supply of services under the GST law?


The GST law provides that transactions concerning development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software shall be treated as the supply of services. Accordingly, the supply of software shall be treated as the supply of services.

Comments

Post a Comment

Popular posts from this blog

GST Collections

Image
Collections under the goods and services tax (GST) were marginally lower by some Rs 100 billion, compared to the original target set by the government for the first eight months of the roll-out of the new indirect tax. The mop-up was subdued in October, November and January, and that has led to some shortfall. Against the target of Rs 7.28 trillion for the eight months, collections stand at Rs 7.18 trillion. The target was arrived from the monthly run rate of Rs 910 billion.  The run rate was, in turn, derived from the Budget Estimates and 14% indirect tax revenue growth for states for 2017-18.
Read more