TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Manufacturers not liable for tax on inputs sent for job work if returned timely, per Sections 141(1), 141(2), 141(4).</h1> A manufacturer or job worker is not liable to pay tax on inputs or semi-finished goods sent for job work under existing law if returned after the appointed day, provided certain conditions are met. These include the goods being sent before the appointed day, returned within six months (or an extended period of two months), and both parties declaring the stock details in the prescribed form. If the goods are not returned within the specified period, the input tax credit availed is subject to recovery. Relevant sections include 141(1), 141(2), and 141(4).
TaxTMI 
