Input tax credit for job work: principal may claim credit; unreturned goods deemed supplied after prescribed return periods. The principal may claim input tax credit for inputs and capital goods sent to a job worker, including where goods are directly dispatched to the job worker, subject to prescribed conditions. If inputs or capital goods are not returned or supplied from the job worker's premises within the prescribed return periods, they are deemed supplied by the principal on the date of dispatch; 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 for job work: principal may claim credit; unreturned goods deemed supplied after prescribed return periods.
The principal may claim input tax credit for inputs and capital goods sent to a job worker, including where goods are directly dispatched to the job worker, subject to prescribed conditions. If inputs or capital goods are not returned or supplied from the job worker's premises within the prescribed return periods, they are deemed supplied by the principal on the date of dispatch; the deeming rule excludes moulds and dies, jigs and fixtures, and tools.
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