can we get full 18% credit of input purchase like polythene. and bopp bags, bardan/tarpulene used as packing material and advertising material like photograph of the product etc. for which 18% GST is charged by the supplier.our finished product is textile product for which we are liable to chargeable 5%
whether we will get full credit for such material purchase?
Can we get full 18% credit of input purchase like polythene. and bopp bags, bardan/tarpulene (i.e.packaging materials) used as packing material on our trading items like repacking of retail loose materials? pls reply thanks in advance.
Read more at: https://www.caclubindia.com/forum/input-tax-credit-of-packing-and-advertising-material-396516.asp
As advised, Input tax credit is available for packing material purchased. But the purchase details are to be shown under which column in GST portal and how ITC is claimed under which section on GST portal.
Furthur in GSTR1 - where and under which head the purchase has to be shown.
Pl guide
Regards
S K Sarda
Gangtok
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