Inputs, semi finished goods and finished goods sent outside for job work before 1-7-2017 but received after 1-7-2017 :
A taxable person might have sent Inputs, semi finished goods and finished goods outside before 1-7-2017 for job work or testing. If these are received back before 31-12-2017, GST will not be payable – section 141 of CGST Act and section 141 of SGST Act.
If material was sent for job work and was lying with job worker, input tax credit can be taken on submission of details – rule 3 of Transitional Provisions Rules.