Input tax credit on jobwork: principal entitled to credit for inputs and capital goods sent to a jobworker.

Principals may claim input tax credit on inputs and capital goods sent to a jobworker, including when sent directly to the jobworker, subject to prescribed conditions. If inputs are not returned or supplied from the jobworker's premises within one year (counted from dispatch or, if directly sent, from receipt) they are deemed supplied by the principal on the date sent; similarly, capital goods not returned within three years are deemed supplied on the date sent. Exceptions apply to moulds and dies, jigs and fixtures, and tools. "Principal" is as defined in section 143.

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