Vat input credit on software license

A manufacturing concern obtained a software license for certain period. The service provider has charged 4% VAT (Tamilnadu VAT) in the bill in addition to service tax. The company is eligible for taking credit of Input VAT for other goods.Whether input tax credit be availed by the manufacturing concern for software License?

Replies (4)

i see no reason why u cant claim vat credit

 

Respected Sir,

 

As per my knowledge, you can avail the Input VAT credit after retention @ 3%. (4% - 1%) ie 1% VAT can be claimed as Input credit.

Please wait for others to comment on the same.

 

 

Regards,

Devendra Kulkarni

Thank you for your response. Can you kindly elaborate?

Dear Expert I am working in Hotel Industry, my question is that can we claim Vat Input on charcoal using in tandoor for making tandoori items and naan etc Rakesh Panwar

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