https://www.taxtmi.com/article/detailed?id=16690 GST job-work is a conditional tax-free movement, not an unconditional exemption. The principal must maintain challans, stock and quantitative records, return or supply records, and Form GST ITC-04 details to prove dispatch, return, further supply, and tax treatment. If inputs or capital goods are not returned within the prescribed period, the law deems a supply by the principal on the original date of dispatch, creating tax, interest, penalty, and Section 74 exposure where record-keeping failures cannot be shown to be bona fide. en-us Thu, 18 Jun 2026 08:46:22 +0530 Thu, 18 Jun 2026 08:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16690 GST job-work is a conditional tax-free movement, not an unconditional exemption. The principal must maintain challans, stock and quantitative records, return or supply records, and Form GST ITC-04 details to prove dispatch, return, further supply, and tax treatment. If inputs or capital goods are not returned within the prescribed period, the law deems a supply by the principal on the original date of dispatch, creating tax, interest, penalty, and Section 74 exposure where record-keeping failures cannot be shown to be bona fide. Articles Goods and Services Tax - GST Thu, 18 Jun 2026 08:46:22 +0530 https://www.taxtmi.com/article/detailed?id=16690