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Itc for capital goods
How to claim ITC for following scenario.
I'm buying packing materials and label at 5-18% GST for selling palm jaggery which is nil rated product.
How to claim ITC for the above? Explain it
Replies (1)
Dear Ramachandran,
You will not be eligible for ITC, as the Inputs are exclusively used for the supply of Exempted/Nil rated goods.
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