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job work procedure

Nitin Jain (20 Points)

12 July 2017

sir.
what is the procedure to send the goods for job work purpose on delivery challan. ? please also suggest the tax implications.

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9 Replies

Muthukkumaran (Consultant) (204 Points)
Replied 12 July 2017

Goods can be sent on the basiis of delivery challan without charging gst.However such inputs/capital goods are to be returned within 1 or 3 years respectively.Else Gst would be computed along with interest from the date on which goods were sent for job work.

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Nitin Jain (20 Points)
Replied 12 July 2017

sir.
what would be the treatment of IGST on invoice of job worker. E.g. if a registered person has done job work for us and he raised a invoice with IGST. can it be adjusted against IGST/CGST/sgst of sales or only against tax on services.
please advice.

Muthukkumaran (Consultant) (204 Points)
Replied 13 July 2017

Now there is no concept of sale of goods/service for claiming input unlike the previous laws.IGST credit can be set off first aginst IGST payable and balance if any against CGST and SGST respectively.

Nitin Jain (20 Points)
Replied 20 July 2017

sir
if a job worker has annual turnover of below 10 or 20 lakh and does not registered in Gst. what would be the tax implications in such case. whether itc can be claimed on rcm basis

Nitin Jain (20 Points)
Replied 20 July 2017

sir
if a job worker has annual turnover of below 10 or 20 lakh and does not registered in Gst. what would be the tax implications in such case. whether itc can be claimed on rcm basis

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Nitin Jain (20 Points)
Replied 20 July 2017

sir
if a job worker has annual turnover of below 10 or 20 lakh and does not registered in Gst. what would be the tax implications in such case. whether itc can be claimed on rcm basis

Nitin Jain (20 Points)
Replied 20 July 2017

sir
if a job worker has annual turnover of below 10 or 20 lakh and does not registered in Gst. what would be the tax implications in such case. whether itc can be claimed on rcm basis

Nitin Jain (20 Points)
Replied 20 July 2017

sir
if a job worker has annual turnover of below 10 or 20 lakh and does not registered in Gst. what would be the tax implications in such case. whether itc can be claimed on rcm basis

Nitin Jain (20 Points)
Replied 20 July 2017

sir
if a job worker has annual turnover of below 10 or 20 lakh and does not registered in Gst. what would be the tax implications in such case. whether itc can be claimed on rcm basis

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