https://www.taxtmi.com/acts?id=30008 The statute permits the principal, subject to prescribed conditions, to claim input tax credit on inputs and on capital goods sent to a job-worker for job-work, including when such goods are sent directly to the job-worker. Inputs not returned or supplied from the job-worker's premises within one year of dispatch (counted from the job-worker's receipt if sent directly) are deemed supplied by the principal; capital goods not returned within three years are similarly deemed supplied. Moulds and dies, jigs and fixtures, and tools are excluded from the deemed-supply rule. "Principal" is as defined in the job-work provisions. en-us Sat, 08 Jul 2017 11:13:12 +0530 Sat, 29 Jul 2017 15:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30008 The statute permits the principal, subject to prescribed conditions, to claim input tax credit on inputs and on capital goods sent to a job-worker for job-work, including when such goods are sent directly to the job-worker. Inputs not returned or supplied from the job-worker's premises within one year of dispatch (counted from the job-worker's receipt if sent directly) are deemed supplied by the principal; capital goods not returned within three years are similarly deemed supplied. Moulds and dies, jigs and fixtures, and tools are excluded from the deemed-supply rule. "Principal" is as defined in the job-work provisions. Act-Rules GST - States Sat, 08 Jul 2017 11:13:12 +0530 https://www.taxtmi.com/acts?id=30008