Dear Sir/ Ma'am
Is GST ITC available on paking materials ? Jus like Carogatted boxes , Plastic Bags etc.
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ITC on packing materials
Replies (5)
Quick Summary
Yes sir If the credit is not blocked u/s 17(5) it will bw allowed.
No restrictions
You can claim ITC if business use
You can claim ITC if business use
Yes you can claim ITC on Packing Materials used in the course of business...
As per the Provision of Section 16(1) of the CGST Act 2017, ITC on Inputs, Input Services and Capital Goods used in the course of or furtherance of business can be claimed provided it is not BLOCKED U/s 17(5) of the CGST Act 2017.
Note that all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 for claiming ITC has been satisfied before claiming it.
As per the Provision of Section 16(1) of the CGST Act 2017, ITC on Inputs, Input Services and Capital Goods used in the course of or furtherance of business can be claimed provided it is not BLOCKED U/s 17(5) of the CGST Act 2017.
Note that all the FOUR CONDITIONS as laid down U/s 16(2) of the CGST Act 2017 for claiming ITC has been satisfied before claiming it.
If the packing materials used in the course of or furtherance of business, ITC can be claimed on it.
Yes you can claim if items are used or intended to be used in the course or furtherance of his business.
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