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of <h1>Tax Rules for Semi-Finished Goods: No Tax if Returned within 6-8 Months Under Section 151, Model GST Law 2016.</h1> Section 151 of the Model GST Law, 2016, addresses the tax treatment of semi-finished goods removed for job work before the appointed day and returned on or after that day. No tax is payable if these goods are returned within six months, extendable by two months, from the appointed day. If returned after this period, tax liability falls on the person returning or dispatching the goods, depending on the circumstances. The provision applies only if the manufacturer and job worker declare the stock details on the appointed day as prescribed. This section is mirrored in both CGST and SGST laws.
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