Input Tax Credit of inputs and capital goods sent for job work
The “principal” shall, subject to such conditions and restrictions as may be prescribed, be entitled to take credit of input tax on inputs and capital goods sent to a job-worker for job-work – section 19(1) and 19(4) of CGST Act.
The “principal” shall be entitled to take credit of input tax on inputs even if the inputs or capital goods are directly sent to a job worker for job-work without their being first brought to his place of business – section 19(2) and 19(5) of CGST Act.
ITC of capital goods sent to job worker – The “principal” shall, subject to such conditions and restrictions as may be prescribed, be entitled to take credit of input tax on capital goods sent to a job-worker for job work if the said capital goods, after completion of job-work, are received back by him within three years of their being sent out – section 19(4) of CGST Act.
The “principal” shall be entitled to take credit of input tax on capital goods even if the capital goods are directly sent to a job worker for job-work without their being first brought to his place of business, and in such a case, the period of three years shall be counted from the date of receipt of the capital goods by the job worker – section 19(5) of CGST Act.