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Table 16 of annual return
what do you mean by deemed supply under sec143 and goods send on approval basis but not returned? that comes under table 16
Replies (1)
It' means , goods send by Principal to Job worker for job work must be Return back to principal with 1 year else consider as deemed supply (in case of capital goods it's 3 years ) ( Refer Section 143 CGST Act)
Where the goods are send on Approval basis on Delivery Challan & get rejected & not return back within Six month is considered as deemed supply (Refer Section 142(12) CGST Act)
Where the goods are send on Approval basis on Delivery Challan & get rejected & not return back within Six month is considered as deemed supply (Refer Section 142(12) CGST Act)
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