GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

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 received back after the appointed day. Like the previous sections the time limit has been kept at 6 months from the appointed date to receive back such goods without payment of duty. The provision reads as follows: Where any inputs received in a facto .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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 worked goods can be returned back and if the inputs are returned as such without job work, then tax may become payable. Apart from the above, 3 provisos from the old draft have been replaced to insert another proviso. The old provisos read as follows: .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

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 returned after the period of 6 months then the job worker will be liable to pay tax. On completion of exact 6 months, goods are not returned then manufacturer has to pay the duty. Now after 6 month, the job worker has to return the goods then he has to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version