Input tax credit on job-work: principals may claim credit even when inputs or capital goods are sent directly to job-workers. Input tax credit is permitted for a principal on inputs and capital goods sent to a job-worker, including when sent directly to the job-worker. If inputs or capital goods are not received back or not supplied from the job-worker's place of business within the statutory return periods, they are deemed supplied by the principal on the date sent; periods run from the job-worker's receipt where goods were sent directly. The deeming rule excludes moulds and dies, jigs and fixtures, and tools.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit on job-work: principals may claim credit even when inputs or capital goods are sent directly to job-workers.
Input tax credit is permitted for a principal on inputs and capital goods sent to a job-worker, including when sent directly to the job-worker. If inputs or capital goods are not received back or not supplied from the job-worker's place of business within the statutory return periods, they are deemed supplied by the principal on the date sent; periods run from the job-worker's receipt where goods were sent directly. The deeming rule excludes moulds and dies, jigs and fixtures, and tools.
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