Invoicing details for a Proprietorship firm
I am into bollywood film trading business wherein i buy the sub- licensing rights from film producers & assign rights to digital companies.
my company is a proprietorship firm.
What taxes are applicable while invoicing.
Asked 1 year ago in Income Tax from Mumbai, Maharashtra
If your sale of assignment of rights in film is on par with sale of packaged software, then you will have to pay VAT as per vat act and If it is a fee for copy right and it it is considered as royalty then you may attract payment of service tax. Please take caution. Kindly examine the documents carefully.
Talk to Vijay N. Kale
4.9 on 5.0
Need to check for the same and answer the same as it depends on your agreement. VAT or service tax
Talk to Shyam Sunder Modani
4.7 on 5.0