Interstate Movement of Material for Job work is Taxable event as far as material component is concern.
Avinash Bedekar (30 Points)
04 March 2023Interstate Movement of Material for Job work is Taxable event as far as material component is concern.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 04 March 2023
No. Movement of material for job work in the course of interstate or intrastate is not taxable. You should send the goods for job work based on delivery challan and e-way bill. You are not required to issue any tax invoice and pay taxes. However, the material sent should be received back or supplied from the job worker's premise within 1 year.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
