Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More
Notification No. 11/2016 dated 01. 03. 2016
By this Notification Service Tax has been exempted w.e.f. 1st March, 2016 on Information Technology Software if such software is:
(1) recorded on a media which is notified under Chapter 85 of the CETA ;
(2) on which RSP is required to be declared;
(3) the value of the package of such media domestically procured or imported, has been determined under Section 4A of the CE Act;
(4) Excise Duty / CVD has been paid by the manufacturer / importer on RSP basis;
(5) the service provider has to make a declaration on the invoice that no amount in excess of the declared RSP has been recovered from the customer;
(6) E xemption from excise to the extent of value liable for service tax in case of customized software which does not require RSP (Notification no. 11/2016 – CE refers).
