GST a is tax After various issues preparing for GST has up thresholds, rate structure, cess. four flight on 1st July 2017. is now reality, It a trigger, which transformation all major and council GST rules, Exemptions, compensation Finally, four-tier will lead to business for industries. Considering FAQ’s, come with GST rate structure took a flight on 1st July 2017.
Sec 143– Job work Basic:
Nowadays most of the corporate are outsourcing certain processes so as to reduce the cost of manufacturing or output. However FAQ hits around as to how the same shall be treated under GST Regime.
Job Work means undertaking any treatment or process by a person on goods belonging to another registered taxable person and the expression ‘job worker’ shall be construed accordingly- clause 2(68) of CGST Act, 2017.
Understanding of the section:
Supply from Principle place of business/Registered Person
Supply from Place of business of Job Worker
Terms and conditions for Direct Supply:
When the goods transferred to the job worker shall be treated as Deemed Supply
Conditions of Treating Scrap out of processing by Job Worker
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