Itc for packing material
This query is : Resolved
16 November 2017
Sir,
Can we take ITC for Packing material purchased, used for sale of Exempted Goods (Pulses).
Can we take ITC for Packing material purchased, used for sale of Exempted Goods (Pulses).
16 November 2017
As it relates to sale of exempt goods ITC can't be claimed.
16 November 2017
The simple principle that credit is allowed on inputs only if tax is charged on the output. When final supply is exempt, credit of GST paid on inputs would not be available.
On exempt goods anyway output tax is not paid so there is no reason to claim input tax credit for the same
So if you are selling such types of goods which are exempt from output tax. U can shift the input tax to your cost and charged from your customers.
On exempt goods anyway output tax is not paid so there is no reason to claim input tax credit for the same
So if you are selling such types of goods which are exempt from output tax. U can shift the input tax to your cost and charged from your customers.
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