Cenvat on software
This query is : Resolved
SHAMBA PEDNEKAR
(Querist)
13 February 2012
Can CENVAT on service Tax paid on software can be taken ( Software for Production planning & control LIKE say SAP-ERP)
Rajnish Singh
(Expert)
15 February 2012
DEAR SHAMBA,
SAP OR ERP SOFTWARE WILL BI CAPITALIZED AND ITS INPUT WILL BE TAKEN .
IF INPUT WILL TAKE THAN DEPRECIATION WILL NOT DEDUCTED ON INPUT VALUE .
SAP OR ERP SOFTWARE WILL BI CAPITALIZED AND ITS INPUT WILL BE TAKEN .
IF INPUT WILL TAKE THAN DEPRECIATION WILL NOT DEDUCTED ON INPUT VALUE .
Ajay Raghatate
(Expert)
16 February 2012
Yes this cenvat credit is allowable bcoz it is related to Manufacturing.
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