https://www.taxtmi.com/article/detailed?id=7146 Revised GST replaces prior requirement of commissioner's permission with an intimation procedure for sending inputs and capital goods to job work, extends permitted return periods (subject to capitalisation-based definition for capital goods), and provides that failure to receive job worked goods within the period will result in those goods being deemed supplied by the principal on the date sent, creating tax liability for the principal and raising issues on credit and interest. It also allows registered job workers to supply waste and scrap directly, otherwise the principal must account for such supply. en-us Fri, 23 Dec 2016 11:13:08 +0530 Fri, 23 Dec 2016 11:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7146 Revised GST replaces prior requirement of commissioner's permission with an intimation procedure for sending inputs and capital goods to job work, extends permitted return periods (subject to capitalisation-based definition for capital goods), and provides that failure to receive job worked goods within the period will result in those goods being deemed supplied by the principal on the date sent, creating tax liability for the principal and raising issues on credit and interest. It also allows registered job workers to supply waste and scrap directly, otherwise the principal must account for such supply. Articles Goods and Services Tax - GST Fri, 23 Dec 2016 11:13:08 +0530 https://www.taxtmi.com/article/detailed?id=7146