Transitional Provisions relating to job work, repairs etc [ Section 141 ] - GST Ready Reckoner - GST

Transitional Provisions relating to job work, repairs Input send for Job work Before appointment day but received after appointment day[ section 141(1) ] Where any inputs received at a place of business had been removed for further processing, testing, repair, reconditioning or any other purpose before the appointment day and such inputs received after completion of job work at a place of business on or after the appointed day No tax shall be payable on the same has been returned have been received within 6 months from the appointed date Further extension of return time period The commissioner may on sufficient cause being shown, can be extended for another period of 2 months by the commissioner in such a case no tax shall be payable. If not received in said period then tax shall be payable the input tax credit shall be liable to be recovered in accordance with the provisions of clause (a) of sub-section (8) of section 142. Semi-finished goods had been removed from the place of business for manufacturing Process Before appointment day but received after appointment day [ Section 141(2) ] Where any semi-finished goods had been removed from the place of business to any other premises for carrying out certain manufacturing processes before the appointment day such semi finished goods are returned to the said place on or after the appointed day , no tax shall be payable, after undergoing manufacturing processes or otherwise to the said place of business within six months from the appointed day : Further extension of return time period The commissioner may on sufficient cause being shown, can be extended for another period of 2 months by the commissioner in such a case no tax shall be payable. If not received in said period then tax shall be payable the input tax credit shall be liable to be recovered in accordance with the provisions of clause (a) of sub-section (8) of section 142. Excisable goods manufactured at a place of business had been removed without payment of duty for carrying out tests Before appointment day but received after appointment day [ Section 141(3) ] Where any excisable goods manufactured at a place of business had been removed without payment of duty for carrying out tests or any other process not amounting to manufacture, prior to the appointed day and such goods, are returned to the said place of business on or after the appointed day, no tax shall be payable on such goods after undergoing tests or any other process, are returned to the said place within six months from the appointed day : Further extension of return time period The commissioner may on sufficient cause being shown, can be extended for another period of 2 months by the commissioner in such a case no tax shall be payable.` If not received in said period then tax shall be payable the input tax credit shall be liable to be recovered in accordance with the provisions of clause (a) of sub-section (8) of section 142 . Declaration of stock held by a principal and job-worker [ Section 141(4) ] The tax not payable under section 141(1), (2) or (3) is applicable only if the principal and Job worker; Declares the goods in prescribed format for the stock held on the appointed day to be read with Rule 119 Of CGST ACT Declaration of stock held by a principal and job-worker Every person to whom the provisions of section 141 apply shall, within the period specified in rule 117 or such further period as extended by the Commissioner, submit a declaration electronically in FORM GST TRAN-1 , specifying therein, the stock of the inputs, semi-finished goods or finished goods, as applicable, held by him on the appointed day.