Vat credit on packing material
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 November 2012
Hi
We have purchased packing material & shown as purchases.
This packing material is used in a material which is exempted.
My query is, can I availed vat credit on packing material which is use for exempted sale material
Hi
We have purchased packing material & shown as purchases.
This packing material is used in a material which is exempted.
My query is, can I availed vat credit on packing material which is use for exempted sale material
CA. Hari Kishan
(Expert)
06 November 2012
VAT input tax credit shall not be eligible as we are not having output as taxable sales.. since the final goods sold are exempted, packing material shall take the color of the exempted goods and hence no input tax credit shall be avialable..
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