Related Provisions of the Statute
GST-Goods and Service Tax - 225. page
Goods and Services Tax Act – GST Law
Comparative review
Comparative review :
Manner of Distribution of Credit by Input Service Distributor (ISD)
Manner of Distribution of Credit by Input Service Distributor (ISD) (1) The Input Service Distributor shall distribute the credit of central tax as central tax or integrated tax and […]
Procedure for distribution of input tax credit by Input Service Distributor
Procedure for distribution of input tax credit by Input Service Distributor (1) An Input Service Distributor shall distribute input tax credit in the manner and subject to the following conditions, […]
Relevant circulars, notifications, clarifications issued by Government:
Relevant circulars, notifications, clarifications issued by Government: 1. Chapter Nineteen of the compilation of the GST Flyers as issued by the CBIC on ‘Input Tax Credit Mechanism in GST’ 2. […]
Conditions and restrictions in respect of inputs and capital goods sent to the job worker.
Conditions and restrictions in respect of inputs and capital goods sent to the job worker. (1) The inputs, semi-finished goods or capital goods shall be sent to the job worker […]
Introduction
Introduction This provision relates to availment of credit of input tax on goods sent for job work.
Analysis
Analysis (i) Relevant Definitions: Job work: Any treatment or process undertaken by a person on goods belonging to another registered person (section 2(68). Job worker: A person who […]
Taking input tax credit in respect of inputs and capital goods sent for job work
Taking input tax credit in respect of inputs and capital goods sent for job work (1) The “principal” shall, subject to such conditions and restrictions as may be prescribed, be […]
Issues and Concerns
Issues and Concerns It is important to note that unlike Rule 42 which mandates determination of the actual amount of reversal on the completion of the financial year, Rule 43 […]