Job work under GST enables tax-free removal for processing while principal retains compliance responsibility and input credit entitlement. Job work under GST treats processing of goods belonging to a registered principal by another person as job work while ownership remains with the principal, who is responsible for compliance. Inputs, intermediate products and capital goods may be removed to job workers and returned without payment of tax subject to intimation to the jurisdictional officer, challan issuance, account maintenance, and prescribed time-limits. The principal may claim Input Tax Credit for inputs sent for job work, including direct supplies to the job-worker, and special rules apply to intermediate products and waste clearance.
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 under GST enables tax-free removal for processing while principal retains compliance responsibility and input credit entitlement.
Job work under GST treats processing of goods belonging to a registered principal by another person as job work while ownership remains with the principal, who is responsible for compliance. Inputs, intermediate products and capital goods may be removed to job workers and returned without payment of tax subject to intimation to the jurisdictional officer, challan issuance, account maintenance, and prescribed time-limits. The principal may claim Input Tax Credit for inputs sent for job work, including direct supplies to the job-worker, and special rules apply to intermediate products and waste clearance.
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 
