We have purchase a mould from a vendor who has raised a invoice to us and retain the same for manufacturing of parts for our finished goods.
Please confirm what process we need to follow.
Is there require to issue job work challan for the same or need to treat as taxable supply
For the purchase of mould, its a simple taxable supply
The mould hasn’t been retained for job work on it but on other materials.
Hence, no delivery challan & no Filing of ITC 4 is required in this regard