Dear All,
We are a software industry and purchased laptops for business use. We sell software licenses in local, can we claim the ITC against our sales?
2 Replies
CA Rakesh Ishi
(Working at Private Company)
(8202 Points)
Replied 04 May 2023
if you have purchased laptops for business use, you can claim the Input Tax Credit (ITC) on the GST paid for those laptops, provided that the necessary conditions are met. You can then use the ITC to offset the GST liability on the sales of software licenses.
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