Input Credit on Packing Materials Purchased.

This query is : Resolved 

04 July 2010

Respected Sir / Madam

Please let me know whether a manufacturing entity can utilize the Input credit of VAT paid in purchase of Packing Materials.

This clarification is required as there is a school of thought wherein the view is that the input credit on packing materials
can not be availed off as the same is not related to manufacturing activity and the packing materials are related to selling / marketing of the goods manufactured.

Kindly enlighten on the above issue.

With Regards.
e.n.ananthanarayanan

04 July 2010 Hi

VAT paid in purchase of packing material can be taken as Input credit...This is specifically said in the Act..in inputs eligible for Input credit....



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