ITC on GST for software
Tally software purchase in balance sheet is allowed fully GST ITC.
Replies (7)
YES IT IS ALLOWED AS ITC
Input credit is available on all business expense except employee benefits and construction.
But on first year or divided on 5 year like capital good
on all expenses immediate and on all expenditure in five years
Full ITC available in GST Return.
@ Hardik Patel.,
You can take full tax value as ITC in GST... It's one of good change from previous Tax regime to GST....
You can take full tax value as ITC in GST... It's one of good change from previous Tax regime to GST....
@ Rashmi is correct
Recent Topics :
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
Related Topics :
CAclubindia
