https://www.taxtmi.com/acts?id=29546 Where inputs, semi-finished goods or goods sent for testing prior to the appointed day are returned to the place of business within six months from the appointed day, no tax shall be payable, with the Commissioner empowered to extend that period by up to two months; if goods are not returned within the specified period the input tax credit shall be liable to recovery. This exemption is subject to a prescribed declaration by the consignor and the job worker of goods held on the appointed day, and transfers to registered persons for supply or export within the period are permitted under existing law. en-us Tue, 04 Jul 2017 15:42:35 +0530 Fri, 28 Jul 2017 11:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29546 Where inputs, semi-finished goods or goods sent for testing prior to the appointed day are returned to the place of business within six months from the appointed day, no tax shall be payable, with the Commissioner empowered to extend that period by up to two months; if goods are not returned within the specified period the input tax credit shall be liable to recovery. This exemption is subject to a prescribed declaration by the consignor and the job worker of goods held on the appointed day, and transfers to registered persons for supply or export within the period are permitted under existing law. Act-Rules GST - States Tue, 04 Jul 2017 15:42:35 +0530 https://www.taxtmi.com/acts?id=29546