https://www.taxtmi.com/forum/issue?id=117086 When inputs or capital goods sent for job work are not returned or further supplied within the prescribed time, the dispatch is deemed to be a supply by the principal on the date sent; the principal must issue an invoice, declare the supply in the return for the month in which the time limit expired, and pay tax with interest. If goods are returned after the time limit, that return is treated as a supply by the job worker to the principal, and job-worker ITC entitlement is subject to statutory conditions. en-us Fri, 12 Mar 2021 17:37:47 +0530 Thu, 23 Jan 2025 15:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117086 When inputs or capital goods sent for job work are not returned or further supplied within the prescribed time, the dispatch is deemed to be a supply by the principal on the date sent; the principal must issue an invoice, declare the supply in the return for the month in which the time limit expired, and pay tax with interest. If goods are returned after the time limit, that return is treated as a supply by the job worker to the principal, and job-worker ITC entitlement is subject to statutory conditions. Discussion-Forum GST Fri, 12 Mar 2021 17:37:47 +0530 https://www.taxtmi.com/forum/issue?id=117086