Conversion of iron wire into nails and job work
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2014
dear sir/mam,
1)whether conversion of iron wire into nails amount to manufacturing .
2) if one party purchases iron wire and gives to another party for conversion into nails whether job work involved there. please explain the concept of job work.and how it can be accounted in both the party books.
1)whether conversion of iron wire into nails amount to manufacturing .
2) if one party purchases iron wire and gives to another party for conversion into nails whether job work involved there. please explain the concept of job work.and how it can be accounted in both the party books.
19 December 2014
1. conversion of iron wire into nails amount to manufacturing.
2. Yes it is a job work.
The activity undertaken by small industries to complete the process on raw material/semi-finished goods as desired by principal manufacturer is known as "Job Work".
2. Yes it is a job work.
The activity undertaken by small industries to complete the process on raw material/semi-finished goods as desired by principal manufacturer is known as "Job Work".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Suggestions required for income tax filing-software (FY 2025-26)
- Tax liability on income of freelancer
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
