Can a manufacturer claim vat input for packing materials as per tn vat?
3 Replies
ARUN GUPTA
(IN PRACTICE)
(46 Points)
Replied 24 November 2013
Yes bt if the packng material is usd fr manufacture of exemptd good dn no itc
ARUN GUPTA
(IN PRACTICE)
(46 Points)
Replied 24 November 2013
Dis is the general rule
dnt knw abt tn vat sory
Dhruvi N suthar
(Account Executive)
(303 Points)
Replied 19 December 2013
yes, mfrr can take input credit on packing material...available only if final product is not exempt from the Vat otherwise input tax credit not available on packing material.
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