Service Tax and Value Added Tax
This research paper is basically based on my confusion over the applicability of two statutes on the same subject matter. The points which I have considered in this article related to taxability of Intellectual Property Right services and applicability of the Delhi Value Added Tax Act, 2005 on the right to use of intellectual property rights. VALUE ADDED TAX 1. Most of the Indian states had rescinded their old Local Sales Tax Acts and adopted new Value Added Tax Act which is more logical and scientific. The changes in most of the States have come with effect from 1st April, 2005. It is noteworthy that most of the Value Added Tax Acts are identical since they are all based on the common understanding reached culminating in the reports of the Empowered committee and also the comprehensive white paper on the subject. Hence in-depth reading of any one particular Act is sufficient for this paper. Union Territory of Delhi with effect from 1st April, 2005 has like many other States ha...