https://www.taxtmi.com/article/detailed?id=16125 Job work under the GST framework permits tax-neutral movement of inputs and capital goods to job workers, but only if the statutory return timelines under Section 143 of the CGST Act are strictly observed. Inputs must be returned or supplied within one year, and capital goods within three years, while the principal must maintain accounts, monitor delivery challans, and manage scrap or waste compliantly. If the timeline is breached, the deeming fiction under Section 143(3) retrospectively treats the original dispatch as a supply, converting the delivery challan into a tax invoice and exposing the principal to tax, interest, and penalty consequences. en-us Thu, 02 Apr 2026 08:51:20 +0530 Thu, 02 Apr 2026 08:51:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16125 Job work under the GST framework permits tax-neutral movement of inputs and capital goods to job workers, but only if the statutory return timelines under Section 143 of the CGST Act are strictly observed. Inputs must be returned or supplied within one year, and capital goods within three years, while the principal must maintain accounts, monitor delivery challans, and manage scrap or waste compliantly. If the timeline is breached, the deeming fiction under Section 143(3) retrospectively treats the original dispatch as a supply, converting the delivery challan into a tax invoice and exposing the principal to tax, interest, and penalty consequences. Articles Goods and Services Tax - GST Thu, 02 Apr 2026 08:51:20 +0530 https://www.taxtmi.com/article/detailed?id=16125