Input VAT Credit as per GVAT Act or Rules thereunder

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..... Input VAT Credit as per GVAT Act or Rules thereunder
Query (Issue) Started By: - SANJAY BAHETI Dated:- 15-11-2014 Last Reply Date:- 15-11-2014 VAT + CST
Got 1 Reply
VAT / Sales Tax
One o .....

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..... f my client engaged in manufacturing of Hydraulics Machines and also covered under Excise. He got one Export Order during current year.Accordingly He needs Wooden Boxes for packing of such machine bei .....

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..... ng exported.so he purchases such wooden boxes from registered dealer. Now query is whether my client can claim input vat credit @ 4%+1% on such wooden boxes i.e. packing materials necess .....

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..... ary for export purposes or not as per Gujarat VAT Act,2003 or Rules made there under. Reply By Pradeep Khatri: The Reply: Dear Sanjay, Yes, your client can avail the Input Tax Credit under the pro .....

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..... visions of GVAT Act, reads with Rules made there under, provided, such wooden packaging is incorporated in your client's registration Certificate, otherwise it won't be possible and such incor .....

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..... poration must be prior to buying any inputs, components, raw material, packing material etc. Further, exports are considered under zero rate tax and either ITC or exemption/refund is available on the .....

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..... inputs/packing goods used in manufacturing of goods intended for export. Regards YAGAY and SUN (Management, Business and Indirect Tax Consultants)
Discussion Forum - Knowledge Sharing .....

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