Tax applicable in packing

[Guest]

If we are branding a product then the input tax of purchasing a packing material will get deducted in VAT returns or it will be a company expense.

AI Summary

Input Tax Credit on Packing Materials Deductible in VAT Returns if Output is Taxable A query was raised regarding whether the input tax on purchasing packing materials for branded products can be deducted in VAT returns or should be considered a company expense. The response clarified that input tax credit is eligible if the output is taxable.