https://www.taxtmi.com/acts?id=21529 The principal may claim input tax credit on inputs sent to a job-worker if those inputs are returned within the prescribed period, with the period counted from the job-worker's receipt when sent directly. The same rule applies to capital goods with a longer prescribed return period. If goods are not returned within the applicable period the principal must repay the credit with interest, but may reclaim credit and interest when the goods are subsequently received back. en-us Wed, 15 Jun 2016 14:29:18 +0530 Wed, 15 Jun 2016 14:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21529 The principal may claim input tax credit on inputs sent to a job-worker if those inputs are returned within the prescribed period, with the period counted from the job-worker's receipt when sent directly. The same rule applies to capital goods with a longer prescribed return period. If goods are not returned within the applicable period the principal must repay the credit with interest, but may reclaim credit and interest when the goods are subsequently received back. Act-Rules Bills Wed, 15 Jun 2016 14:29:18 +0530 https://www.taxtmi.com/acts?id=21529