Hello experts,
Nil rated goods are sold to domestically for export in deemed export. can ITC claim for refund on the packing material.
please give information.
Menu
ITC GST refund
Replies (2)
Supplies made overseas and to Special Economic Zones (SEZs) or SEZ Developers come under the zero-rated supplies. This supply attracts a GST of 0%. For such supplies, ITC can be claimed.
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/
Recent Threads
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
Related Threads
CAclubindia
