Section 141 - Transitional provisions relating to jobwork.

Transitional jobwork provisions allow tax-free return of inputs from jobworkers if returned within the prescribed period and declared.

Transitional provisions permit tax-free return of inputs, semi-finished goods and other goods sent to jobworkers or other premises under prior law if those goods are returned to the original place of business within six months from the appointed day; the Commissioner may extend this period for a further specified short period on sufficient cause. Failure to meet the return timeline or to furnish prescribed declarations by the consignor and jobworker will lead to recovery of input tax credit in accordance with the statutory recovery provision, while permitted transfers to registered premises for taxable supply or for export remain available within the prescribed period.