Aggregate turnover under gst

This query is : Resolved

Share Report Follow Query Ask a Query

SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)
Follow

09 September 2017 Will Aggregate Turnover under GST will also Job Work Income...????

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

09 September 2017 No.........

Message likes : 1 times

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

10 September 2017 No. As per section. 22 of the act ,the supply of goods, after completion of job work, by a registered job worker shall be treated as the supply of goods by the principal referred to in section 143, and the value of such goods shall not be included in the aggregate turnover of the registered job worker

Message likes : 1 times

SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)
Follow

10 September 2017 Thank You to both of you.!
:)

SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)
Follow

10 September 2017 And Job Work will attract GST @5% ??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

10 September 2017 5% GST is applicable for job work of Printing of newspapers ,Textile yarns (other than of man-made fibres) and textile fabrics &Cut and polished diamonds; precious and semi-precious stones or plain and studded jewellery of gold and other precious metals, falling under Chapter of HSN &Printing of books (including Braille books), journals and periodicals &Processing of hides, skins and leather falling under Chapter 41 of HSN
Incase there is no specific rate provided in the GST schedule it default 18% GST rate apply

Message likes : 1 times

SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)
Follow

13 September 2017 Ohky I got it.
Thank You.. :)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now