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Home Acts & Rules GST Draft-Bills-Reports FAQ on GST dated 21.9.2016 based on Draft Model GST Chapters List Chapter 10 Input Tax Credit This

Question 19 - Whether principal has to reverse the input tax credit on inputs which have not been received back from the job worker within 180 days? - FAQ on GST dated 21.9.2016 based on Draft Model GST

FAQ on GST dated 21.9.2016 based on Draft Model GST
Chapter 10
Input Tax Credit
  • Contents

Q 19. Whether principal has to reverse the input tax credit on inputs which have not been received back from the job worker within 180 days?

Ans.  Yes, the principal has to reverse the credit along with interest on inputs which have not been received back from job worker within 180 days but he can reclaim the credit on receipt of inputs.

 
 
 
 

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