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input tax credit

This query is : Resolved 
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(Querist)
27 June 2011 Dear Sir,
i want to know that whether any person who is trading in jewellery (which is liable for 1% sale tax)
can we take vat input tax credit of packing material (@12.5%), and other things like @4% or @1%, against vat output @1% on jewellery

Thanks & Regards
Sunny
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
29 June 2011 Yes credit can be taken.
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