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Taking input tax credit in respect of inputs sent for job work

Section 16A - INPUT TAX CREDIT - Goods and Services Tax - Section 16A - 16A. (1) The principal referred to in section 43 A shall, subject to such conditions and restrictions as may be prescribed, be entitled to take credit of input tax on inputs sent to a job-worker for job-work if the said inputs, after completion of job-work, are received back by him within one hundred and eighty days of their being sent out: Provided that the principal shall be entitled to take credit of input tax on inputs e .....

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are received back by him within two years of their being sent out: Provided that the principal shall be entitled to take credit of input tax on capital goods even if the capital goods are directly sent to a job worker for job-work without their being first brought to his place of business, and in such a case, the period of two years shall be counted from the date of receipt of the capital goods by the job worker. (3) Where the inputs or capital goods, as the case may be, are not received back b .....

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