https://www.taxtmi.com/article/detailed?id=9131 Principal-sent inputs, semi-finished goods or capital goods for job work must be dispatched under a delivery challan and are not treated as supply on dispatch; e-way bill rules apply when value thresholds are exceeded. The principal must retrieve inputs within one year and capital goods within three years (extensions possible by the Commissioner), failing which the goods are deemed supplied to the job worker at dispatch and tax becomes payable. Delivery challan particulars and quarterly reporting in GST ITC-04 are mandatory, and scrap from processing may be supplied by either party. en-us Wed, 29 Apr 2020 08:56:18 +0530 Wed, 29 Apr 2020 08:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9131 Principal-sent inputs, semi-finished goods or capital goods for job work must be dispatched under a delivery challan and are not treated as supply on dispatch; e-way bill rules apply when value thresholds are exceeded. The principal must retrieve inputs within one year and capital goods within three years (extensions possible by the Commissioner), failing which the goods are deemed supplied to the job worker at dispatch and tax becomes payable. Delivery challan particulars and quarterly reporting in GST ITC-04 are mandatory, and scrap from processing may be supplied by either party. Articles Goods and Services Tax - GST Wed, 29 Apr 2020 08:56:18 +0530 https://www.taxtmi.com/article/detailed?id=9131