TaxTMI 
TaxTMI 
TaxTMI 
Input VAT Credit as per GVAT Act or Rules thereunder
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....nput VAT Credit as per GVAT Act or Rules thereunder<br> Query (Issue) Started By: - SANJAY BAHETI Dated:- 15-11-2014 Last Reply Date:- 15-11-2014 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>One of....
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.... 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 bein....
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....g 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 necessa....
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....ry 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 prov....
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....isions 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 incorp....
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....oration 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 i....
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....nputs/packing goods used in manufacturing of goods intended for export. Regards YAGAY and SUN (Management, Business and Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....