Can we get credit of GST on purchase of Software?
3 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 28 November 2020
Yes....
You can claim ITC if business use
You can claim ITC if business use
Shivam RC
(Student)
(23683 Points)
Replied 29 November 2020
If the same is being used for business purpose, then "YES" you can claim ITC on purchase of Software. Kindly ensure that all the FOUR conditions as laid down U/s 16(2) of the CGST Act 2017 has been satisfied before claiming ITC.
As per the Provision of Section 16(1) of the CGST Act 2017, Input Tax Credit ( ITC ) on Inputs, Input Services and Capital Goods which are used in the course or furtherance of business can be claimed subject to Blocked Credit under Section 17(5) of the CGST Act 2017.
As per the Provision of Section 16(1) of the CGST Act 2017, Input Tax Credit ( ITC ) on Inputs, Input Services and Capital Goods which are used in the course or furtherance of business can be claimed subject to Blocked Credit under Section 17(5) of the CGST Act 2017.
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