https://www.taxtmi.com/circulars?id=57234 Clarification defines job work as processing of goods belonging to another registered person and confirms the principal may send inputs or capital goods to a job worker without payment of tax, subject to maintaining accounts and prescribed conditions. If inputs are not returned within one year or capital goods within three years (except specified items), the dispatch is deemed a supply by the principal from the date of sending, requiring invoicing, return declaration and interest. Challan rules, quarterly FORM GST ITC-04 intimation, e-way bill obligations, registration thresholds, invoicing, valuation principles and availability of input tax credit to principal and registered job workers are also clarified. en-us Thu, 05 Apr 2018 00:00:00 +0530 Wed, 01 Aug 2018 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57234 Clarification defines job work as processing of goods belonging to another registered person and confirms the principal may send inputs or capital goods to a job worker without payment of tax, subject to maintaining accounts and prescribed conditions. If inputs are not returned within one year or capital goods within three years (except specified items), the dispatch is deemed a supply by the principal from the date of sending, requiring invoicing, return declaration and interest. Challan rules, quarterly FORM GST ITC-04 intimation, e-way bill obligations, registration thresholds, invoicing, valuation principles and availability of input tax credit to principal and registered job workers are also clarified. Circulars GST - States Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57234