Input tax credit entitlement for principals on inputs and capital goods sent for job work, subject to prescribed conditions. The principal is entitled to input tax credit on inputs and capital goods sent to a job worker, including when such goods are sent directly to the job worker without first being brought to the principal's place of business. If inputs are not returned or supplied from the job worker's premises within the prescribed period it is deemed that the principal supplied them when sent; similarly, capital goods not returned within the longer prescribed period are deemed supplied when sent. Moulds and dies, jigs and fixtures, and tools are excluded from these deeming rules.
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 entitlement for principals on inputs and capital goods sent for job work, subject to prescribed conditions.
The principal is entitled to input tax credit on inputs and capital goods sent to a job worker, including when such goods are sent directly to the job worker without first being brought to the principal's place of business. If inputs are not returned or supplied from the job worker's premises within the prescribed period it is deemed that the principal supplied them when sent; similarly, capital goods not returned within the longer prescribed period are deemed supplied when sent. Moulds and dies, jigs and fixtures, and tools are excluded from these deeming rules.
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