TMI BlogManner of Taking ITC in respect of goods transfer for Job Work & Job work procedure [ section 19 & 143 of CGST Act]X X X X Extracts X X X X X X X X Extracts X X X X ..... CGST Rules ] The principal shall be allowed input tax credit on inputs or capital goods sent to a job work for job-work. Notwithstanding anything contained in section 16(2)(b) , The principal shall be entitled to take credit of input tax on inputs or capital goods even if the inputs are directly sent to a job worker for job-work without being first brought to his place of busin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Particular Period Due Date Form If Aggregate turnover exceeds 5 crore during the immediately preceding financial year The period of 6 consecutive Months from a)1st April to 30th September, and b) 1st October to 31 March 25th of succeeding month ITC -04 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of job work or otherwise, or capital goods, other than moulds and dies, jigs and fixtures, or tools, within one year (inputs) and three years (capital goods), of their being sent out from the place of business of a job worker on payment of tax within India, or with or without payment of tax for export, as the case may be: (c) The principal shall not supply the goods from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nputs or Capital goods not bring back or supply:- If inputs or capital goods sent for job work are not received back or are not supplied from the place of business of the job worker by principal within time stipulated in section 143, it shall be deemed that such inputs had been supplied by the principal to job worker on the day when the said inputs or capital goods were sent out and the said su ..... X X X X Extracts X X X X X X X X Extracts X X X X
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