As per TNVAT Act, the pesticides are exempted. The pesticides are getting exported to other countries. Presently Packing Material are procurred with VAT for Export .
Kindly clarify whether is it possible to claim ITC on Packing material procurred for Export. If not what is the proceedure to claim the refund or what is the form to be submitted to packing material supplier for not impose VAT on their invoice.
Guidance on Claiming ITC for Packing Materials in Exporting Exempted Goods under Tamil Nadu VAT Act A user inquired about claiming Input Tax Credit (ITC) for packing materials used in exporting exempted goods, specifically pesticides, under the Tamil Nadu VAT Act. The response advised showing the input tax when purchasing and recording export sales in the exempted column with zero tax. ITC can be adjusted against other tax liabilities or claimed as a refund, provided there is proof of foreign exchange receipt and export documentation. The user thanked the respondent for the guidance. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
