Job work transitional relief allows tax-free return of inputs if returned within prescribed period; commissioner may grant limited extension. Transitional rules permit tax-free return of inputs, semi-finished goods or goods sent for tests to the original place of business if returned within six months of the appointed day, subject to a possible limited extension by the Commissioner; failure to comply leads to recovery of input tax credit. A declaration of goods held by the jobworker on the appointed day in the prescribed form, manner and time is required to claim the exemption.
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.
Job work transitional relief allows tax-free return of inputs if returned within prescribed period; commissioner may grant limited extension.
Transitional rules permit tax-free return of inputs, semi-finished goods or goods sent for tests to the original place of business if returned within six months of the appointed day, subject to a possible limited extension by the Commissioner; failure to comply leads to recovery of input tax credit. A declaration of goods held by the jobworker on the appointed day in the prescribed form, manner and time is required to claim the exemption.
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