1.A product is packed by polythene cover(18%) ,
its again packed by 2.Small printed box(18%)
and its packed by 3.PRINTED BOX(18%) and
again packed with 4.Corrugated box(12%)
AND I SALE THAT PRODUCT
can i get the Gst input credit tax for the WHOLE PACKING ITEMS?
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GST input on printed box of Poduct packed
Replies (6)
Yes, you will get ITC on whole packing items.
| Originally posted by : santhosh | ||
 |
1.A product is packed by polythene cover(18%) , its again packed by 2.Small printed box(18%) and its packed by 3.PRINTED BOX(18%) and again packed with 4.Corrugated box(12%) AND I SALE THAT PRODUCT can i get the Gst input credit tax for the WHOLE PACKING ITEMS? |
 |
Yes... Why not...???!!!
yes you can claim the ITC
yes u can avail input
Yes you can claim ITC on whole of the packing materials used for supply of a taxable product.
The only rule you need to remember is that the product being packed should not be exempt under GST. If the product supplied is exempt under GST, input credit on packing material used for supply of such exempt product shall not be available (As per Advance Ruling of GST AAR Chhattisgarh)
thanks to all
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