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Can input credit on packing material be availed on use of petroleum products?

April 26, 2017availed credit input material packing Petroleum products

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Can input credit on packing material be availed on use of petroleum products?

1 Answer

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10 Posted

The eligibility for input tax credit on packing material also depends on the item packed therein. In case items packed therein are not eligible for input tax credit under certain circumstances, such credit will not be available on the packing material as well.