GST on Gold saved during Job work for registered person

In re Aabhushan Jewellers Pvt. Ltd (GST AAR West Bengal) The applicant submits that as a job worker he expects to receive an order for manufacture of gold ornaments from a registered person in the state of West Bengal (the principal). The business model, as illustrated by the applicant, is as follows: (i) The applicant will be provided 1000 grams of pure gold by the principal for manufacturing of gold ornament; (ii) The applicant will be allowed a provision for wastage of 40 gms by the principal i.e., the applicant has to return gold ornaments weighing 960 gms to the principal; (iii) The appli...