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GST on Water Packets is Taxable or Exempted
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.
Replies (5)
Gst on water packets is under the purview of gst .Rate is 12%.
12% gst rate
Thank you Sir, I have small clarification can I use 18% ITC fully or 12% only
Yes you can claim ITC fully and excess shall be refunded.
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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