If a dealer buys inputs such as packing materials etc. by paying GST , and uses these to pack Final product which is Zero-rated, under GST.
Will he be able to still claim refund of the Input taxes ?
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Input tax credit on zero rated goods
Replies (1)
As the final good is Zero rated, you can claim Input Tax Credit.
Only if the final product is exempt or non taxable, you cannot claim Input Credit.
Only if the final product is exempt or non taxable, you cannot claim Input Credit.
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