Input Tax Credit ( ITC ) and Job Work - Practical Issues

Q 1. When the goods of the principal are directly sent to the premises of the job worker, whether ITC can be taken by the said principal? 

Ans. 

Yes. 

As per section 19 (2) 

The principal shall be entitled to take ITC on inputs, 

even if the inputs are directly sent to a job worker for job work without being first brought to his place of business. 

The principal should avail the ITC based on proper tax invoice as issued under section 31 when the goods are delivered at the premises of the job worker by the supplier. 


Q 2. What is the time limit for claiming ITC on capital goods sent from the principal’s place of business to job worker for job work? 

Ans. 

As per section 19 (4) 

subject to such conditions and restrictions as may be prescribed (Rule 45), 

The principal shall be entitled to take ITC on capital goods sent to a job worker for job work. 


As per section 19(5) 

Notwithstanding anything contained in section 16(2)(b), 

The principal shall be entitled to take ITC on capital goods, 

even if the capital goods are directly sent to a job worker for job work without being first brought to his place of business. 


As per section 19(6) 

Where the capital goods sent for job work are not received back 

by the principal within a period of three years of being sent out, 

it shall be deemed 

that such capital goods had been supplied by the principal to the job worker 

on the day when the said capital goods were sent out: 

Provided that 

where the capital goods are sent directly to a job worker, 

the period of three years shall be counted from the date of receipt of capital goods by the job worker. 


Analysis of the above provisions, 

it can be concluded that for claiming the ITC in respect of capital goods, 

the time limit and conditions as provided in section 16 except section 16(2)(b) i.e., receipt of goods, are applicable, 

Hence, ITC can be taken at the time of purchase. 

Capital goods sent to the job worker must be received back within 3 years of being sent out; otherwise, it will be considered as supply by principal to job worker on the day when the said capital goods were sent out. 


Case : - As per Circular No. 38/12/2018, dated 26-3-2018, among other things, it was clarified that if the goods sent by the principal are returned by the job worker after the stipulated time period (i.e., 1/3 years), the same would be treated as a supply by the job worker to the principal and the job worker would be liable to pay GST if he is liable for registration in accordance with the provisions contained in the Act. Further, as per the second proviso to section 16(2)(d) of the Act, the recipient is required to make payment to the supplier within 180 days from the date of invoice. 

Q 3. Whether in above case the principal would be able to claim ITC on the basis of invoice issued by the job worker when it appears that the above condition of payment specified in the second proviso to section 16(2)(d) does not seem to get fulfilled as in such situations there would be no liability of the principal to make such payment to the job worker? 

Ans. 

Yes. 

In cases where the goods are returned by the job worker after stipulated time period, 

two supplies are deemed to have occurred: 

from the principal to job worker and 

from the job worker to the principal. 

Both the parties shall raise invoices and GST shall be paid on the same. 

ITC can be availed on such GST paid. 


Section 16(2)(d) of the CGST Act, 2017 mandates payment to the supplier within 180 days. 

Supply between principal and job worker are deemed supplies involving no actual flow of money. 

Since ‘consideration’ under GST law is defined in a wide manner, payment can be said to have been made even by way of set-off. 

However, this is debatable issue in the GST Law, which needs to be specifically addressed and proper clarification is required from GST Department to end the debate. 

Comments

Popular posts from this blog

GST - Important Reconciliations must be done before finalization of the Financial Statement

Non-Profit Organisation (NPO)

Income Tax dated 04.01.2019- CA Samadhan Series