https://www.taxtmi.com/forum/issue?id=118368 When inputs sent to a job worker are not returned within the prescribed time they are a deemed supply; the principal must raise an invoice on the job worker and pay tax with interest, enabling the registered job worker to claim input tax credit on that invoice. On return of inputs the job worker invoices the principal and the principal may avail ITC under the usual eligibility rules. Payment under the statutory provision is distinct from an ITC reversal mechanism. en-us Thu, 09 Feb 2023 15:22:41 +0530 Thu, 23 Jan 2025 15:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118368 When inputs sent to a job worker are not returned within the prescribed time they are a deemed supply; the principal must raise an invoice on the job worker and pay tax with interest, enabling the registered job worker to claim input tax credit on that invoice. On return of inputs the job worker invoices the principal and the principal may avail ITC under the usual eligibility rules. Payment under the statutory provision is distinct from an ITC reversal mechanism. Discussion-Forum GST Thu, 09 Feb 2023 15:22:41 +0530 https://www.taxtmi.com/forum/issue?id=118368