https://www.taxtmi.com/article/detailed?id=11297 Job work under GST covers processing or operations on goods belonging to another registered person; the principal may claim input tax credit on goods sent for job work subject to conditions on place and timing of dispatch and return. Every consignment must be accompanied by a delivery challan issued by the principal, and challan details must be reported in returns and in FORM GST ITC 04. Goods must be returned within prescribed periods for inputs and capital goods; if not returned within those periods the goods are treated as a supply from the effective date. The principal is responsible for maintaining records of inputs and capital goods and for timely ITC 04 filings. en-us Sat, 08 Apr 2023 09:39:39 +0530 Sat, 08 Apr 2023 10:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11297 Job work under GST covers processing or operations on goods belonging to another registered person; the principal may claim input tax credit on goods sent for job work subject to conditions on place and timing of dispatch and return. Every consignment must be accompanied by a delivery challan issued by the principal, and challan details must be reported in returns and in FORM GST ITC 04. Goods must be returned within prescribed periods for inputs and capital goods; if not returned within those periods the goods are treated as a supply from the effective date. The principal is responsible for maintaining records of inputs and capital goods and for timely ITC 04 filings. Articles Goods and Services Tax - GST Sat, 08 Apr 2023 09:39:39 +0530 https://www.taxtmi.com/article/detailed?id=11297