Tuesday, January 31, 2017

gst job work

GST Job Work [section 175-177]
 (Inputs/Semi-finished/Finished goods sent for job work)

Conditions for NO TAX IS PAYABLE
  • Removal/Dispatch to the job worker prior to the appointed day &
  • Returned within six months from the appointed day/extended period (not more than 2 months)
  • Manufacturer & Job Worker both declare the details of Inputs/Semi-finished/ Finished Goods held in stock by the Job Worker on the appointed date

> If the said goods are not returned with in six months or the extended period, as the case may be, from the appointed day the input tax credit shall be liable to be recovered.


 

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