(1) The inputs, semi-finished goods or capital goods shall be sent to the job worker under the cover of a challan issued by the principal, including where such goods are sent directly to a job-worker 3|, 1 These words were substituted for the words “IGST and CGST” by Notification No. MGST-1017/C.R.107/Taxatiion-1, (Notification No. 15/2017, Third Amendment-2017), dated the 4% July 2017. (w. e. f. 1=t July 2017).
2 This rule was inserted by Notification No. MGST-1017/C.R.138/Taxation-1, (Notification No. 22/2017, Fifth Amendment-2017), dated 17% August, 2017. (w. e. £.17th August 2017).
3 These words were inserted by Notification No.GST-1018/C.R.30/ Taxation-1, (Notification No.14/2018, Third Amendment-2018), dated 31% March 2018, (w.e.f. 23 March 2018).
107 and where the goods are sent from one job worker to another job worker, the challan may be issued either by the principal or the job worker sending the goods to another job worker:
Provided that the challan issued by the principal may be endorsed by the job worker, indicating therein the quantity and description of goods where the goods are sent by one job worker to another or are returned to the principal:
Provided further that the challan endorsed by the job worker may be further endorsed by another job worker, indicating therein the quantity and description of goods where the goods are sent by one job worker to another or are returned to the principal. |
(2) The challan issued by the principal to the job worker shall contain the details specified in rule 55.
(3) The details of challans in respect of goods dispatched to a job worker or included in FORM GST ITC-04 furnished for that period on or before the twenty-fifth day of the month succeeding the 3[the said period] 4 [or within such further period as may be extended by the Commissioner by a notification in this behalf:
1 The words “or sent from one job worker to another” were deleted by Notification No. MGST.1018 /C.R.153 /Taxation- 1, (Notification No. 74/2018, Fourteenth Amendment-2018), dated the 31st December 2018, (w.e.f. 31st December 2018).
2 These words were substituted for the words “during a quarter” by Notification No. GST-1021/C.R.90/Taxation-1, (Notification No.35/2021, Eighth Amendment-2021), dated 7% October 2021, (w.e.f. 1st October, 2021).
3 These words were substituted for the words “the said quarter” by Notification No. GST-1021/C.R.90/ Taxation-1, (Notification No.35/2021, Eighth Amendment-2021), dated 7% October 2021, (w.e.f. 1st October, 2021).
4 These words were inserted by Notification No. MGST-1017/C.R.195/ Taxation-1, (Notification No.51/2017, Eleventh Amendment-2017), dated 1=t November, 2017, (w.e.f. 28t October, 2017).
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Provided that any extension of the time limit notified by the Commissioner of Central Tax shall be deemed to be notified by the Commissioner.]
![Explanation. - For the purposes of this sub-rule, the expression “specified period” shall mean.-
(a) the period of six consecutive months commencing on the 1st day of April and the 1st day of October in respect of a principal whose aggregate turnover during the immediately preceding financial year exceeds five crore rupees; and
(b) a financial year in any other case.]
(4) Where the inputs or capital goods are not returned to the principal within the time stipulated in section 143, it shall be deemed that such inputs or capital goods had been supplied by the principal to the job worker on the day when the said inputs or capital goods were sent out and the said supply shall be declared in FORM GSTR-1 and the principal shall be liable to pay the tax along with applicable interest.
Explanation. - For the purposes of this Chapter,-
(1) the expressions “capital goods” shall include “plant and machinery” as defined in the Explanation to section 17;
(2) for determining the value of an exempt supply as referred to in subsection (3) of section 17-
(a) the value of land and building shall be taken as the same as adopted for the purpose of paying stamp duty; and 1 This Explanation was inserted by Notification No. GST-1021/C.R.90/Taxation-1, (Notification No.35/2021, Eighth Amendment-2021), dated 7t October 2021, (w.e.f. 1st October, 2021).
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(b) the value of security shall be taken as one per cent. of the sale value of such security.
Chapter VI TAX INVOICE, CREDIT AND DEBIT NOTES