we are operating manufacturing industries we using packing material but it is not using as raw material after finishing of the product we using packing material so can we claim input tax credit on packing material
15 September 2012
sure, you can take credit on packing materials, as it is mandatory( you have to establish it ) to pack the goods for safety and transportation and hence qualify for input credit.
sure sir it is not direct expenses? it is a part of purchase ""because in our firm it is not uses for raw material it is only for packing material to used.
CAclubindia
