https://www.taxtmi.com/forum/issue?id=115450 If molds remain the OEM's property and are returned without consideration, they may be transported under a delivery challan with no GST payable; tools supplied free of cost by an OEM need not be included in the value of components where no contractual obligation exists. If transitional time limits under Section 141(1) have lapsed, recovery of input tax credit may arise. Partial use of the mold requires proportionate reversal of credit for the unused component output, and where the OEM refuses remaining goods the job worker may need to clear them as waste or supply, attracting GST on transaction value. en-us Wed, 25 Sep 2019 12:44:36 +0530 Thu, 23 Jan 2025 15:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115450 If molds remain the OEM's property and are returned without consideration, they may be transported under a delivery challan with no GST payable; tools supplied free of cost by an OEM need not be included in the value of components where no contractual obligation exists. If transitional time limits under Section 141(1) have lapsed, recovery of input tax credit may arise. Partial use of the mold requires proportionate reversal of credit for the unused component output, and where the OEM refuses remaining goods the job worker may need to clear them as waste or supply, attracting GST on transaction value. Discussion-Forum GST Wed, 25 Sep 2019 12:44:36 +0530 https://www.taxtmi.com/forum/issue?id=115450