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Claim GST Input credit

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Ranganathan Manamai

4 Points Posted on 04 May 2023

Dear All,

We are a software industry and purchased laptops for business use. We sell software licenses in local, can we claim the ITC against our sales?

Replies (2)

Quick Summary

This discussion clarifies whether a software company can claim GST input tax credit (ITC) for laptops purchased for business use. The consensus is that ITC can be claimed on these laptops, provided all conditions are met. This credit can then be used to reduce the GST liability arising from the sale of software licenses.

CA Rakesh Ishi

Working at Private Company

8643 Points Posted on 04 May 2023

if you have purchased laptops for business use, you can claim the Input Tax Credit (ITC) on the GST paid for those laptops, provided that the necessary conditions are met. You can then use the ITC to offset the GST liability on the sales of software licenses.