Pallet packing mat
This query is : Resolved
18 June 2015
Dear Sir,
Company is buying pallet Packing material on which VAt 4% and Add Vat 1% are charged in Gujarat
and same is used for export purpose
and co is availing Duty drawback for the same.
Can co. claim VAt and Add.Vat as an Input Tx Credit? if yes then under what section.
if co. is not taking any ITC then how to get benefit for the same?
Please explain.
Company is buying pallet Packing material on which VAt 4% and Add Vat 1% are charged in Gujarat
and same is used for export purpose
and co is availing Duty drawback for the same.
Can co. claim VAt and Add.Vat as an Input Tx Credit? if yes then under what section.
if co. is not taking any ITC then how to get benefit for the same?
Please explain.
18 June 2015
YES HE IS ELIGIBLE FOR TAX CREDIT U/S 11(3)(a) REFER THIS https://commercialtax.gujarat.gov.in/vatwebsite/download/act/VAT_2005_Eng.pdf
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