Rajesh PB (80 Points)
14 April 2021Greetings,
My cilent doing jewellery wholesale trading and manufacturing goods by outsourcing .
He don't pay job work wages as cash but will not take dusts wastes of silver/gold .
Job workers retains those dusts waste as his payment.
So
1.need to issue sales invoice of the dust on the job worker name?
2.TDS need to be deducted? But not paid as cash .
3.if need to deduct tds the limit ?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 14 April 2021
For job work you need to file ITC -04.
Residues taken by job worker will have to be invoiced by both the jeweler and the job worker since residue powder sold by jeweler and job work done by job worker.
Rajesh PB
(80 Points)
Replied 14 April 2021
@ CA Altamush Zafar in that case residue powder is the payment to the jobworker, is there TDS limitations ? or TDS wont cover such activities ?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 15 April 2021
CAclubindia
