Home Forum Goods and Services Tax - GST Month 3 2021 2021 (3) This
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Goods sent for Job work - Goods and Services Tax - GSTExtract We (the principal) have sent raw material for processing to job worker. Due to some dispute the job worker neither returned the goods after processing nor did he return the raw material back within the time frame of 1 year. In such as scenario where the inputs are not returned to the principal within the time stipulated in section 143 , it shall be deemed that such inputs or capital goods had been supplied by the principal to the job worker on the day when the said inputs were sent out and the said supply shall be declared in FORM GSTR-1 and the principal shall be liable to pay the tax along with applicable interest. If the principal pays GST on the same after 1 year with interest @18% should he raise Invoice for the same to the job worker? In GSTR 1 should it be shown as Invoice for the month in which inputs were sent or the month in which default has been made? Can the job worker claim ITC of the same?
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