Aggregate turnover under gst

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SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)

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

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

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

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

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

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SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)

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

SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)

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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

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

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SHUBHANSHU USRETE

SHUBHANSHU USRETE (Querist)

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

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