WE HAVE SENT SOME GOODS FOR JOB WORK IN THE MONTH OF AUGUST 16. WHILE SENDING THE GOODS WE HAVE ISSUED EXCISE GATE PASS AND PASSED ON DUTY TO THE JOB WORKER.
THE MATERIAL WILL BE RETURNED FROM JOB WORKER IN FEW DAYS. WHILE SENDING THE MATERIAL BACK JOB WORKER WILL SEND IT UNDER EXCISE GATE PASS WITH DUTY ON IT.
KINDLY LET US KNOW WHAT ARE THE PROVISIONS TO TAKE CREDIT OF THE DUTY UNDER EXCISE IF THE MATERIAL IS RETURNED BEFORE 30TH JUNE. AND WHAT ARE THE PROVISIONS UNDER GST IF THE GOODS RETURNED AFTER 1ST JULY.
Guidance on Duty Credit for Goods Returned Pre and Post-GST: CENVAT Credit vs. Section 140(5) Refund Process A query was raised regarding the return of goods sent for job work under Central Excise and the implications for duty credit. Goods were sent in August 2016 with an excise gate pass, and the job worker will return them with duty. The inquirer seeks guidance on taking credit for duty if returned before June 30, and provisions under GST if returned after July 1. The response suggests that if goods are returned before GST implementation, CENVAT credit can be taken. If returned during the GST regime, a refund can be claimed by revising the return by July 31, or by following Section 140(5) of CGST. (AI Summary)
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