https://www.taxtmi.com/forum/issue?id=112522 Whether a job worker may claim input tax credit on consumable raw materials and chemicals under the GST transitional provisions depends on registration and ownership: job work is defined as processing goods belonging to another, so ownership remains with the principal, but where the job worker is registered and the items are held as inputs in closing stock under the transitional provision they may qualify for deemed credit, provided the inputs are used in furtherance of business and the output attracts tax. en-us Fri, 04 Aug 2017 15:06:58 +0530 Thu, 23 Jan 2025 15:55:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112522 Whether a job worker may claim input tax credit on consumable raw materials and chemicals under the GST transitional provisions depends on registration and ownership: job work is defined as processing goods belonging to another, so ownership remains with the principal, but where the job worker is registered and the items are held as inputs in closing stock under the transitional provision they may qualify for deemed credit, provided the inputs are used in furtherance of business and the output attracts tax. Discussion-Forum GST Fri, 04 Aug 2017 15:06:58 +0530 https://www.taxtmi.com/forum/issue?id=112522