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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 22 - What is the liability of the principal if the capital goods sent to job worker have not been received within 2 years from the date of being sent? - 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 22. What is the liability of the principal if the capital goods sent to job worker have not been received within 2 years from the date of being sent?

Ans. Principal has to pay an amount equal to credit taken on such capital goods along with interest. But he can reclaim the credit on receipt of inputs.

 
 
 
 

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