Dear Expert,
One of party has offered to supply finisihed goods using several raw materials out of which one raw material will be supplied by the party to manufacturer. Is it nature of job work or supply of goods? kindly explain
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6254 Points)
Replied 30 January 2025
To determine whether the arrangement is a job work or a supply of goods, let's analyze the scenario:
Key Factors 1. *Finished Goods*: The party will supply finished goods, indicating a supply of goods.
Job Work Characteristics For an arrangement to be considered a job work:
1. The goods must be owned by the principal (the party).
2. The principal must supply the goods to the job worker (the manufacturer
Recent Topics
- GST ON IMPORT OF LEGAL SERIVCES
- JOB WORK OR SUPPLY OF GOODS
- Need ITAT appeal drafting services
- Section 10(14) exemptions
- UPI Transaction May Stop If Your App Does Not Foll
- ACCOUNTING ENTRY UNDER GST SECTION 17(5)(H)
- VIU tax provisions
- TDS Deduction incase of Jointly purchasing propert
- Capital gain in case of Acquisition by a US Listed
- GST- GSTR2B Value Zero in ITC and Liability compar
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
