We have outsourced the work of cutting of big jumbo rolls into disc.In earlier regime, vendor provided the bill without ST/Excise duty, as our final product was taxable.
Now, what will happen under GST. Do vendor will charge GST on the bills or not.
21 July 2017
GST will be payable on jobwork activity at the rate of 18% if service provider turnover is more than 20 lakhs otherwise recipient of service will pay the GST and take the credit.
CAclubindia
