The stipulated time limit within which inputs and capital goods sent to a job worker in a job work, shall be brought back and beyond that period it will be treated as supply and tax is payable by the principal as per CGS

CS Executive · Tax Laws and Practice · PYQS · December 2018
The stipulated time limit within which inputs and capital goods sent to a job worker in a job work, shall be brought back and beyond that period it will be treated as supply and tax is payable by the principal as per CGST Act, 2017 is.......
(A) 6 months and 1 year in case of inputs and capital goods respectively
(B) 1 year and 2 years in case of inputs and capital goods respectively
(C) 1 year and 3 years in case of inputs and capital goods respectively
(D) None of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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