M/s Ansys Software Pvt. Ltd. (‘the Applicant’ or ‘Ansys India’) is a wholly owned subsidiary of M/s Ansys Inc., US (‘the Parent Company’ or ‘Ansys US’). The Applicant is inter-alia engaged in the business of distribution of Ansys software (‘the software’) in India, the proprietary right of which lies with the Parent Company. As a distributor, the Applicant resells the ‘right/ license to use’ the software to customers in India. Towards this, the Applicant pays GST at applicable rate.
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
