Transitional GST protection: no tax if job-work inputs sent before the appointed day are returned timely with prescribed declaration.

No tax is payable where inputs or semi-finished goods sent to a job worker before the appointed day are returned within the allowed return period and both the manufacturer and job worker declare the inputs held by the job worker on the appointed day in the prescribed form; failure to return within that period renders the input tax credit availed recoverable under sections 141(1), 141(2) and 141(4).

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