Dear All,
My query is whether 'Software' is a capital goods under CENVAT credit rules.
If YES, then cenvat credit of service tax paid on it 50% in the current year and 50% in next year.
If NO, then, whether cenvat credit of service tax paid on it can be availed as input service 100% in the current financial year itself.
And whether Output service provider can avail Cenvat Credit on software used in office like ERP or Tally etc
Cenvat credit on Softwares as capital goods
CA Gaurav Rastogi (Finance & Account Officer) (189 Points)
16 July 2010
CAclubindia
