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ITC avail or not on export
if assessee purchase rice I.e exempted and purchase of packing material i.e. taxable and all rice export so can assessee claim itc on packing material or not?
Replies (3)
Yes, ITC can be claimed. If all the Rice are exported only, the assessee can claim Refund of un-utilized ITC on Inputs
As per section 16(2) of the IGST Act, credit of input tax may be availed for making
zero rated supplies, notwithstanding that such supply is an exempt supply.
Hence ITC can be claim
zero rated supplies, notwithstanding that such supply is an exempt supply.
Hence ITC can be claim
yes can be take itc ..
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