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.
2 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 15 December 2021
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.
Bhavika Kothari
(CA)
(1258 Points)
Replied 29 December 2021
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/
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