Section 141 of CGST Act, 2017 : Section 141: Transitional Provisions Relating To Job Work
CGST Act, 2017
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Explanation using Example
Imagine a scenario where ABC Textiles, a manufacturer of cotton fabrics, sends raw cotton to XYZ Weaving Services, a job worker, for weaving into fabric. This transfer occurred before the appointed day of GST implementation. XYZ Weaving Services is supposed to return the woven fabric back to ABC Textiles after the job is done.
According to Section 141(1) of the CGST Act, if XYZ Weaving Services returns the processed cotton fabric to ABC Textiles within six months from the appointed day of GST, ABC Textiles will not have to pay any GST on the return of these goods. However, if the fabric is not returned within six months, ABC Textiles may reque...
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