Section 141 – Transitional provisions relating to job work of CGST ACT, 2017<\/p>\n
141. (1) Where any inputs received at a place of business had been removed as such
\nor removed after being partially processed to a job worker for further processing, testing,
\nrepair, reconditioning or any other purpose in accordance with the provisions of existing law
\nprior to the appointed day and such inputs are returned to the said place on or after the
\nappointed day, no tax shall be payable if such inputs, after completion of the job work or
\notherwise, are returned to the said place within six months from the appointed day:
\nProvided that the period of six months may, on sufficient cause being shown, be
\nextended by the Commissioner for a further period not exceeding two months:
\nProvided further that if such inputs are not returned within the period specified in this
\nsub-section, the input tax credit shall be liable to be recovered in accordance with the
\nprovisions of clause (a) of sub-section (8) of section 142.
\n(2) Where any semi-finished goods had been removed from the place of business to
\nany other premises for carrying out certain manufacturing processes in accordance with
\nthe provisions of existing law prior to the appointed day and such goods (hereafter in this
\nsection referred to as \u201cthe said goods\u201d) are returned to the said place on or after the
\nappointed day, no tax shall be payable, if the said goods, after undergoing manufacturing
\nprocesses or otherwise, are returned to the said place within six months from the appointed
\nday:<\/p>\n
Provided that the period of six months may, on sufficient cause being shown, be
\nextended by the Commissioner for a further period not exceeding two months:
\nProvided further that if the said goods are not returned within the period specified in
\nthis sub-section, the input tax credit shall be liable to be recovered in accordance with the
\nprovisions of clause (a) of sub-section (8) of section 142:
\nProvided also that the manufacturer may, in accordance with the provisions of the
\nexisting law, transfer the said goods to the premises of any registered person for the purpose
\nof supplying therefrom on payment of tax in India or without payment of tax for exports
\nwithin the period specified in this sub-section.
\n(3) Where any excisable goods manufactured at a place of business had been removed
\nwithout payment of duty for carrying out tests or any other process not amounting to
\nmanufacture, to any other premises, whether registered or not, in accordance with the
\nprovisions of existing law prior to the appointed day and such goods, are returned to the said
\nplace on or after the appointed day, no tax shall be payable if the said goods, after undergoing
\ntests or any other process, are returned to the said place within six months from the appointed
\nday:
\nProvided that the period of six months may, on sufficient cause being shown, be
\nextended by the Commissioner for a further period not exceeding two months:
\nProvided further that if the said goods are not returned within the period specified in
\nthis sub-section, the input tax credit shall be liable to be recovered in accordance with the
\nprovisions of clause (a) of sub-section (8) of section 142:
\nProvided also that the manufacturer may, in accordance with the provisions of the
\nexisting law, transfer the said goods from the said other premises on payment of tax in India
\nor without payment of tax for exports within the period specified in this sub-section.
\n(4) The tax under sub-sections (1), (2) and (3) shall not be payable, only if the
\nmanufacturer and the job worker declare the details of the inputs or goods held in stock by
\nthe job worker on behalf of the manufacturer on the appointed day in such form and manner
\nand within such time as may be prescribed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 141 – Transitional provisions relating to job work of CGST ACT, 2017 141. (1) Where any inputs received at a place of business 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 … Continue reading “Section 141 – Transitional provisions relating to job work of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/413"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=413"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/413\/revisions"}],"predecessor-version":[{"id":414,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/413\/revisions\/414"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}