Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

GST applicability

Basava Raj (39 Points)

14 September 2018

is gst input eligible for web and mobile app development expense incurred by a company
pls reply ASAP.....

Reply
Follow
Share

6 Replies

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 14 September 2018

Yes as you have used the same in course and furtherance of business.

And it will not fall under Sec :17(5)

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (128010 Points)
Replied 14 September 2018

Yes... You can avail the ITC.

Vinod Babu (24191 Points)
Replied 14 September 2018

Yes, ITC can be claimed if the invoice bears company name and gstin number.

Shivam RC (Student) (23683 Points)
Replied 14 September 2018

Yes, you can avail ITC , since the said case is not specifically Blocked u/s 17(5).

1 Like

Basava Raj (39 Points)
Replied 15 September 2018

but the expense is shown as asset I mean capitalised in that case what is the consequence frnds

Upgrade to CAclubindia Pro. Subscribe Now!

Sunish (Freelance) (168 Points)
Replied 15 September 2018

I think since input services definition doesn't explicitly demarcate between those capitalised and otherwise you may go ahead to claim it.

I would not claim depreciation on the same just to be the safer side because of a prohibition for the same under sec16(3) in relation to goods