is gst input eligible for web and mobile app development expense incurred by a company
pls reply ASAP.....
Yes as you have used the same in course and furtherance of business.
And it will not fall under Sec :17(5)
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 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).
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
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
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
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
