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of <h1>Goods on approval exempt from tax if returned within six months; extension possible under GST Act 2016.</h1> Goods sent on approval basis and returned on or after the appointed day are exempt from tax if returned within six months from the appointed day. This period can be extended by up to two months by the competent authority if sufficient cause is shown. If the goods are returned after this period, the person returning them must pay the applicable tax. Similarly, if the goods are not returned within the specified or extended period, the sender is liable for the tax under the Goods and Services Tax Act, 2016.
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