Can we take input on packing material and consumable stores?
Can we take input on packing material and consumable stores?
YES
YOU CAN TAKE DEFINATELY VAT INPUT CREDIT ON PACKING & CONUMABLES AND ALSO DEBITED TO YOUR PROFIT & LOSS A/C EXPENSES IN MAHARASHTRA.
Regards
Sitaram Kubal
YES, You can take credit of Vat on Purchase of Packing Material and Stores & Spares used as consumable items.
percentage of vat on flex printing
Jharkhand
CAclubindia
