GST impact on Job Work
Query (Issue) Started By: – Swapneswar muduli Dated:- 25-5-2017 Last Reply Date:- 7-7-2017 Goods and Services Tax – GST
Got 4 Replies
GST
Dear Experts,
We are a manufacturer and we send the input, intermediate parts, capital goods to the job worker for job work purpose and same material received back to our premises after job work. In this case.
1) Under GSt on what documents we need send this material to Job Worker ?
2) Whether we charge GST on that documents or not ?
3) Job worker charge the GST on his job work charge invoice ?
Regards
Swapneswar Muduli.
Reply By MUKUND THAKKAR:
The Reply:
Inputs removed by a Principal to a Job Worker's premises that are returned to the Principal within 6 months
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
uch as automobiles, logistics, e-commerce, and cement. E-commerce and logistics. However, GST has been considered useful to every corner of the nation and also demanding around one lakh tax consultants as soon as possible.
Reply By Narendra Soni:
The Reply:
Ans 1 – Delivery Challan
Ans 2 – Under GST Laws, your transaction shall not be taxable subject to condition, If inputs send that must be received back within 1 year and for capital goods 3 year. in case of jigs dies ect. no time limit. if the inputs and capital goods not received in the prescribed time period then time of supply will be the date of supply.
Ans 3 – Yes, job worker will charge the GST on his invoice of job work subject to threshold limit of 20 lacs or 10 lacs as the
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =