Finished Good/Raw Material Saved By Job Worker in Job Work Process
This query is : Resolved
10 May 2022
A job worker After processing the Raw Material, given finished goods to Principal on fixed/Agreed yield. By doing this Job worker Saves the Raw Material / Finished Goods, which actually relates to Principal.
Also the Job worker uses the Raw Material and Sales like its own.
What will be the GST impact and Accounting impact in this scenario.
Also the Job worker uses the Raw Material and Sales like its own.
What will be the GST impact and Accounting impact in this scenario.
10 May 2022
No ITC can be claimed on this. Pay full GST on output.
Account it as sale of goods.
Account it as sale of goods.
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