Vide its Notification No. 21/2012 [F.No.142/10/2012-SO(TPL)] S.O. 1323(E), dated 13th June, 2012 Central Board of Direct Taxes has notified that no deduction of tax shall be made on the payment made by a person (transferee) for acquisition of software from another person, being a resident (transferor), where the software is acquired in a subsequent transfer and the transferor has transferred the software without any modification and the tax has been deducted under section 194J on payment for any previous transfer of such software; or under section 195 on payment for any previous transfer of such software from a non-resident and the transferee obtains a declaration from the transferor that the tax has been deducted either under sub-clause (a) or (b) of clause (ii) along with the Permanent Account Number of the transferor.
Refund is an integral part of Goods and Service Tax law since it is the government reimbursement of taxes to a taxpayer. Thus, the taxpayer as well as the refund authorities have to be fully acquai More
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