Section 141 - Transitional provisions relating to job work.

Transitional job work provisions allow tax-free return of inputs after job work if returned within the prescribed period.

Transitional provisions permit tax-free return of inputs, semi-finished goods and excisable goods sent for job work or testing before the appointed day if they are returned to the principal place of business within six months of the appointed day, subject to a Commissioner-granted extension not exceeding two months for sufficient cause. Failure to return within the period makes the input tax credit liable to recovery. Manufacturers may transfer such goods to registered persons for supply on payment of tax or for export without payment within the period. Manufacturer and job worker must declare stock details held by the job worker on the appointed day in prescribed form and time.