No tax will be payable in GST by the manufacturer or by the Job worker where the goods removed prior to the appointed day for carrying out process not amounting to manufacture are returned within 6 months from the appointed day (or extended period of 02 months) – section 152.
Articles in this section
- Will the CENVAT/ITC carried forward in the last return prior to GST under earlier law be available as ITC under GST?
- Example of credit of CENVAT
- VAT credit was not available on items 'X' & 'Y' as capital goods in the earlier law. Since they are covered in GST, can the registered taxable person claim it now?
- Assuming such a person wrongly enjoyed the credit, will the recovery be done in GST or earlier law?
- Give two examples of registered taxable persons who were not liable to be registered under the earlier law but are required to be registered under GST?
- Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?
- A registered taxable person has Rs 1000 ITC credited to his electronic credit ledger from the last return under the earlier law. Now, he switches over to composition scheme in GST, will he get refund of that ITC?
- Sales return under CST (i.e. Central Sales Tax Act) is allowable as deduction from the turnover within 6 months? If, say, goods are returned in GST by a buyer after 6 months of sales, will it become taxable in CST or GST?
- Shall a manufacturer or a job worker become liable to pay tax if the inputs or semi-finished goods sent for job work under the earlier law are returned after completion of job work after the appointed day?
- What happens if the job worker does not return the goods within the specified time?