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GST on Water Packets is Taxable or Exempted

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Student CA IPC / IPCC
23 Points Posted on 12 December 2021
One of my client is doing Drinking water packets manufacturing and sales his getting raw material 18% tax someone I asked they are telling exempted and what are the ITC get it need to reverse, Could pls suggest me.
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On 12 December 2021 at 15:02 Report
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Profession Business
28207 Points Posted on 14 December 2021
Gst on water packets is under the purview of gst .Rate is 12%.
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On 14 December 2021 at 11:59
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Company Secretary
7085 Points Posted on 15 December 2021
12% gst rate
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On 15 December 2021 at 19:12
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Student CA IPC / IPCC
23 Points Posted on 16 December 2021
Thank you Sir, I have small clarification can I use 18% ITC fully or 12% only
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On 16 December 2021 at 14:34
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CA
10436 Points Posted on 18 December 2021
Yes you can claim ITC fully and excess shall be refunded.
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On 18 December 2021 at 23:49
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CA
1258 Points Posted on 29 December 2021

GST for drinking water packets is 12%. So you can take ITC up to 12% and the remaining you can claim as a refund. This article explains ITC in detail. It will solve all your doubts for sure. https://irisgst.com/all-about-input-tax-credit-itc-how-to-claim-input-tax-credit/

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On 29 December 2021 at 18:46


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