Input tax credit for jobwork: principals may claim credit on inputs and capital goods sent to jobworkers, subject to conditions. Section 19 allows a principal to claim input tax credit on inputs and on capital goods sent to a jobworker for jobwork, including when such goods are sent directly to the jobworker, subject to prescribed conditions. Inputs not returned or supplied from the jobworker's place of business within one year (three years for capital goods) are deemed to have been supplied by the principal on the date of dispatch. The deemed-supply rule does not apply to moulds and dies, jigs and fixtures, or 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 jobwork: principals may claim credit on inputs and capital goods sent to jobworkers, subject to conditions.
Section 19 allows a principal to claim input tax credit on inputs and on capital goods sent to a jobworker for jobwork, including when such goods are sent directly to the jobworker, subject to prescribed conditions. Inputs not returned or supplied from the jobworker's place of business within one year (three years for capital goods) are deemed to have been supplied by the principal on the date of dispatch. The deemed-supply rule does not apply to moulds and dies, jigs and fixtures, or tools.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
