Input tax credit for job work: principals can claim credit when goods are sent directly, subject to return conditions. Input tax credit is allowed to the principal for inputs and capital goods sent to a job worker, including where goods are sent directly to the job worker, subject to prescribed conditions; failure to return inputs or capital goods within the applicable statutory return periods results in those goods being deemed supplied by the principal on the date of dispatch, while specified items such as moulds and dies, jigs and fixtures, and tools are excluded from the deeming provisions.
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 for job work: principals can claim credit when goods are sent directly, subject to return conditions.
Input tax credit is allowed to the principal for inputs and capital goods sent to a job worker, including where goods are sent directly to the job worker, subject to prescribed conditions; failure to return inputs or capital goods within the applicable statutory return periods results in those goods being deemed supplied by the principal on the date of dispatch, while specified items such as moulds and dies, jigs and fixtures, and tools are excluded from the deeming provisions.
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