Software purchase Treatment

209 views
User Avatar

23 Points Posted on 28 July 2020
if Taxpayer software purchase.what is Tretment under GST?
0 Reply Share Follow
On 28 July 2020 at 16:47 Report
Replies (3)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) treatment for software purchases. If you buy software from a registered supplier, you can claim Input Tax Credit (ITC) in your accounts. Purchases from unregistered persons do not incur liability or offer credit. The discussion also confirms that full ITC can be claimed even if the software is considered a capital good.

User Avatar

Tax and Business Consultant
11616 Points Posted on 28 July 2020
If purchased from registered person than you can take ITC in books of accounts.
If purchased from unregistered person than there is no liability / credit.
Reply
On 28 July 2020 at 17:07
User Avatar

23 Points Posted on 28 July 2020
ITC CAN TAKE FULL IF A CAPITAL GOODS CONSIDER?
Reply
On 28 July 2020 at 17:13
User Avatar

Tax and Business Consultant
11616 Points Posted on 28 July 2020
Yes, You can take full ITC capital goods also
Reply
On 28 July 2020 at 17:15

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Bank balance in ITR-3
  2. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  3. Tempsens Instruments IPO GMP Allotment Listing dat
  4. Upload Type - Correction. Not showing in TDS filli
  5. Partnership tax audit query
  6. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
  7. Form 146 foreign remittance us citizen
  8. GST 16(2) notice
  9. Which GSTR-1 upload error do you hit most often?
  10. Need advice regarding accounting fees

More recent discussions | Post

Related Topics :

Loading