Poonawalla fincorp
Poonawalla fincorp

Taxable value under job work

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 January 2018 How to determine taxable value if we sent the material to job worker after doing some process on that like I purchased cloth, and cloth cutting process are done in own factory and then sent to the job worker for stitching and after that some process are done at own factory to make them finished goods.so my question is what is the taxable value when I sent the cloth to job worker and taxable when I received back from job worker?
Plz also let me what's intimation sent to jurisdictional officer before sending goods to job worker.
And also let me if we do not fill challan no. in gstR1 then can we fill same in ITC 4.

31 January 2018 The value of job work is the value charged by the job worker.
No need to inform any officials when moving materials, eway bill and DC is required.
ITC 04 contains the details of materials sent for job work and received back.



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