Can we get credit of GST on purchase of Software?
Menu
GST credit on software purchase
Replies (3)
Yes....
You can claim ITC if business use
You can claim ITC if business use
Yes you can take
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.
Recent Threads
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
Related Threads
CAclubindia
