Job work transitional relief permits tax-free return within prescribed period; late return triggers recovery of input tax credit. Transitional provisions preserve tax-free treatment for inputs, semi-finished goods and goods sent for tests to job workers before the appointed day where those goods are returned within the prescribed return period, subject to a limited extension by the Commissioner for sufficient cause; late return leads to recovery of the input tax credit. The consignor may transfer goods to a registered person for supply on payment or for export without payment within the prescribed period. Tax-free treatment requires declaration of goods held by the job worker in the prescribed form, manner and time.
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 permits tax-free return within prescribed period; late return triggers recovery of input tax credit.
Transitional provisions preserve tax-free treatment for inputs, semi-finished goods and goods sent for tests to job workers before the appointed day where those goods are returned within the prescribed return period, subject to a limited extension by the Commissioner for sufficient cause; late return leads to recovery of the input tax credit. The consignor may transfer goods to a registered person for supply on payment or for export without payment within the prescribed period. Tax-free treatment requires declaration of goods held by the job worker in the prescribed form, manner and time.
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