Job Work GST Rate
Kishan Singh (1 Points)
04 December 2019
what is current gst rate of job work and in which field that applies
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 December 2019
It's only applicable to Job works as per definition under GST. As
“job work means any treatment or process undertaken by a person on goods belonging to another registered person and the expression job worker shall be construed accordingly” [Section 2(68)]
Job works charges As per Notification 20/2019-CT(R) Dt: 30/09/2019.
i) For diamond related services
Rate of GST reduced from 5% to 1.5% on supply of job work services in relation to diamonds.
ii) For engineering related services other than bus body bldg.
The rate of GST reduced from 18% to 12% on supply of machine job work such as in engineering industry, except supply of job work in relation to bus body building which would remain at 18%.
“job work means any treatment or process undertaken by a person on goods belonging to another registered person and the expression job worker shall be construed accordingly” [Section 2(68)]
Job works charges As per Notification 20/2019-CT(R) Dt: 30/09/2019.
i) For diamond related services
Rate of GST reduced from 5% to 1.5% on supply of job work services in relation to diamonds.
ii) For engineering related services other than bus body bldg.
The rate of GST reduced from 18% to 12% on supply of machine job work such as in engineering industry, except supply of job work in relation to bus body building which would remain at 18%.
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 14 December 2019
Agree with reply by Mr Raja Ji
Recent Topics
- Bill TO SHIP TO INVOICE HSN
- LTCG for property sold and bought new
- E Waybill regarding
- LONG TERM CAPITAL GAIN TAX REG
- Key actions - businesses can take to adjust their
- GST Manpower services
- Top Digital Marketing Agency in Australia
- Bank deducted TDS at a higher rate and PAN is obta
- Holding Multiple PANs May Impose Penalties
- GSTR-9 2023-24
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
