Capitalisation of Software product
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2011
Dear All,
I have some questions to clarify, kindly clarify.
our company registered in Bangalore under KVAT /CST.
we are Implementing SAP ERP software from Mumbai based company,the vendor is raising his invoice from Mumbai.
we are registered under CST Commodites for All Types of Capital Goods.
now the Question is.
1. Can we purchase this SAP ERP software against C Form ( Since we have registered for All Capital Goods uder CST)
2.can we capitlise the Expenditure incurring for SAP ERP ( All Computer systems are purchased in previous years now only the Servers are buying locally)
Kindly solve the problem if any body
I have some questions to clarify, kindly clarify.
our company registered in Bangalore under KVAT /CST.
we are Implementing SAP ERP software from Mumbai based company,the vendor is raising his invoice from Mumbai.
we are registered under CST Commodites for All Types of Capital Goods.
now the Question is.
1. Can we purchase this SAP ERP software against C Form ( Since we have registered for All Capital Goods uder CST)
2.can we capitlise the Expenditure incurring for SAP ERP ( All Computer systems are purchased in previous years now only the Servers are buying locally)
Kindly solve the problem if any body
11 May 2011
The software can not be issued against c-form. C-Form is available for assets only in case of Plant & Machinery. So, in this case C-Form is not available.
You cant capitalise the expenditure made on Servers etc along with software. Servers need to be categorised under computers. Software shall be under separate block. All the expenses that is particularly made for ERP purchase can be capitalised with it.
You cant capitalise the expenditure made on Servers etc along with software. Servers need to be categorised under computers. Software shall be under separate block. All the expenses that is particularly made for ERP purchase can be capitalised with it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
