Section 16A – Draft-Bills-Reports – INPUT TAX CREDIT – MODEL GST LAW – GOODS AND SERVICES TAX ACT, 2016 – Draft June 2016 – Section 16A – 16A. Taking input tax credit in respect of inputs sent for job work (1) The principal referred to in section 43 A shall, subject to such conditions and restrictions as may be prescribed, be entitled to take credit of input tax on inputs sent to a job-worker for job-work if the said inputs, after completion of job-work, are received back by him within one hundred and eighty days of their being sent out: Provided that the principal shall be entitled to take credit of input tax on inputs even if the inputs are directly sent to a job worker for job-work without their being first brought to his place of busin
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =