RICE MILL ME BARDANA PURCHASE KI ITC MILEGI YA NAHI ? AGAR NAHI TO PURCHASE KAHA DIKHANI HOGI PLZ REPLY
Replies (3)
Quick Summary
This discussion clarifies whether rice mills can claim Input Tax Credit (ITC) on the purchase of 'bardana', which is identified as jute bags. The consensus is that ITC can indeed be claimed on jute bags as they are an integral part of packaging for the main product and are used in the course of business.
Yes Sir you can claim ITC on Jute Bags since it is an integral part of the main product for packaging purpose ( used in the course or furtherance of business ).