How loan and licensee units carry out their operations in GST regime

By | August 1, 2017
(Last Updated On: August 1, 2017)

Question : How loan and licensee units carry out their operations in GST regime?

Answer: GST law does not have any special provision for loan and licensee units. Where the contract are in
the nature of performance of job-work, these units can opt to follow the procedure laid down in section 143 of the CGST Act, 2017 i.e. the principal can send any inputs etc. to such units without payment of tax and
the principal can clear the goods from the premises of such units if the principal declares these units as his
additional place of business or where such units are themselves registered under section 25 of CGST Act,
2017.

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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