I would like to know that the Software has been purchased for R & D for this one can we avail Service tax.

[Guest]

DEar Sir,

I would like to know that the Software has been purchased for R & D for this one can we avail Service tax.

 

Regards

praddep Jain

 

AI Summary

Clarification on Service Tax Credit Eligibility for R&D Software Linked to Quality Control and Manufacturing. &D A participant inquired about the eligibility for availing service tax on software purchased for research and development (R&D). One respondent clarified that if the R&D is connected to quality control, manufacturing of final products, or service provision, then service tax credit is permissible. Another participant sought clarification on the meaning of R&D, explaining it as the process of discovering and applying new knowledge to improve products, processes, and services to meet market demands.