Job work in GST
Query (Issue) Started By: – Narendra Soni Dated:- 20-9-2016 Last Reply Date:- 22-9-2016 Goods and Services Tax – GST
Got 9 Replies
GST
Dear Expert,
\nPlease suggest whether job work is taxable in GST.
\nTaxable for Principle & for Job worker, registered and unregistered supplier & job worker
\nIf returned after job working to principal, and
\nIf direct sale\/export from the premises of Job worker.
\nThanks.
\nReply By MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nIn my view it will be there. However it can be ascertained on the outcome of regular Acts and Rules.
\nReply By CA Surender Gupta:
\nThe Reply:
\nAs per the scheme under the present Model Draft GST law, Goods will be allowed to be send for Job Work without payment of Tax.\n<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n aneshan Kalyani: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ed to be reversed. However, in case of delay in reversal of credit, there is no specific provision for charging interest on such delayed reversal. This results in loss of interest to the Government. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Job work in GST Query (Issue) Started By: – Narendra Soni Dated:- 20-9-2016 Last Reply Date:- 22-9-2016 Goods and Services Tax – GSTGot 9 RepliesGSTDear Expert, Please suggest whether job work is taxable in GST. Taxable for Principle & for Job worker, registered and unregistered supplier & job worker If returned after job working to … Continue reading “Job work in GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1000","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/1000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1000"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/1000\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nThe Reply:
\nThe condition for sending the raw material to job worker and receiving it back or selling it from job worker premises is framed same as it is in current excise law. The time period of capital goods sending to job worker is also same in draft model gst law.
\nThanks experts to enlightening the subject.
\nReply By YAGAY AND SUN:
\nThe Reply:
\nOnly one major change that if goods are not returned within prescribed time limit then interest along with Duty needs to be reversed and at the event of return of goods interest along with duty shall be taken back.
\nReply By YAGAY AND SUN:
\nThe Reply:
\nComptroller Auditor General's Objections on CENVAT Credit
\nCAG of India had conducted a Performance Audit on CENVAT credit sc<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nAudit Recommends:
\nThe Government may consider inserting provision for charging interest in case of non\/delayed reversal of CENVAT credit in respect of non\/delayed receipt of goods sent to job worker. The Tariff Conference held on 28 and 29 October 2015 had decided that the interest is liable to be paid after the expiry of period of 180 days and there is no need for insertion of provision for charging interest. However, Audit is of the opinion that to avoid ambiguity there is a need to insert specific provision in this regard.
\nReply By Ganesha<\/p>\n
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