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of <h1>Transitional Provisions in Section 150: No Tax on Job Work Inputs Returned Within 6 Months; Extensions Possible with Cause.</h1> Section 150 of the Model GST Law outlines transitional provisions for inputs removed for job work and returned on or after the appointed day. No tax is payable if such inputs, dispatched for processing, testing, or repair before the appointed day, are returned within six months. This period can be extended by two months upon showing sufficient cause. If inputs are returned after this period, tax is payable by the job worker or the manufacturer if the inputs are taxable. Compliance requires declaring stock details held by the job worker on the appointed day in a prescribed manner.
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