ITC GST refund
ganesh (proprietor) (45 Points)
15 December 2021Nil rated goods are sold to domestically for export in deemed export. can ITC claim for refund on the packing material.
please give information.
Tanuj Chandra Saxenaa
(Company Secretary)
(7085 Points)
Replied 15 December 2021
Bhavika Kothari
(CA)
(1258 Points)
Replied 29 December 2021
If the final output is Nil rated then ITC cannot be claimed. This article about ITC will solve all your doubts about ITC. https://irisgst.com/all-about-input-tax-credit-itc-how-to-claim-input-tax-credit/
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)