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VAT on SOFTWARE EXPENSES

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(Querist)
25 January 2010 We are mfgr company within Haryana and purchase a designing software from a company within in haryana.My question is "Are we eligible to take input vat credit on tax charges by Software Company."
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
25 January 2010 Yes you can take Vat credit of software its a capital items. it will be capitalized.

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