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

[Pradeep Jain]

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

 

[JAMES PG]

If the R&D is directly or indirectly meant for the  quality control or for the  manufacture of final products of your factory, or for the provision of service, credit is eligible

[karthick karthick]

what meaning of R & D

Discovering new knowledge about products, processes, and services, and then applying that knowledge to create new and improved products, processes, and services that fill market needs.

 

 

this is correct  ah sir ...........

AI Summary

Service tax credit for R&D eligible when R&D supports quality control, manufacture or provision of service.
If the R&D is directly or indirectly meant for the quality control or for the manufacture of final products of your factory, or for the provision of service, credit is eligible.