as per section 143 of cgst act, if principal removes goods to job worker without payment of duty, he can avail the benefit of input tax credit. my question is how can principal take the benefit of input tax credit without payment of duty ?
I think u r getting wrong...as per sec 143.. itc on goods which is being send for job work can be taken ..as u might have paid tax on purchase of such goods..
sec 143 doesnot say itc can be taken of tax which might be payable on removal of goods for job work purpose .
itc will be taken of tax paid when goods are actually supplied.
CAclubindia
