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Section 175 - Inputs removed for job work and returned on or after the appointed day

Goods and Services Tax - GST - By: - Pradeep Jain - Dated:- 4-1-2017 - GST DAILY DOSE OF UPDATION BY CA PRADEEP JAIN TRANSITIONAL PROVISIONS-PART-VIII This section intends to enable the receipt of goods sent on job work before the appointed day but r .....

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ry had been removed as such or removed after being partially processed to a job worker for further processing, testing, repair, reconditioning or any other purpose in accordance with the provisions of earlier law prior to the appointed day and such i .....

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text is the only addition done in this para in comparison to old draft GST law. This is done so to clarify that the goods can be returned even without doing any job work. In absence of this provision, it could have been interoperated that only job wo .....

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Provided further that tax shall be payable by the job worker if such inputs are liable to tax under this Act, and are returned after a period of six months or the extended period, as the case may be, from the appointed day: Provided also that tax sha .....

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payable by job worker or manufacturer if goods are not returned in the stipulated time period. The literal meaning of this provision was that the manufacture shall be liable to tax if goods are not returned within six months and if the goods are ret .....

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pay GST once again. Now, GST is paid twice on same goods. firstly by principal supplier and then by job worker. Even this was also not clear from these provision in old GST law whether the credit will be available to job worker of the GST paid by pri .....

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od provision. The new proviso substituted reads as follows: PROVIDED FURTHER that if such inputs are not returned within a period of six months or the extended period , as the case may be, from the appointed day the input tax credit shall be liable t .....

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