Finished Good/Raw Material Saved By Job Worker in Job Work Process
This query is : Resolved
10 May 2022
A job worker After processing the Raw Material, given finished goods to Principal on fixed/Agreed yield. By doing this Job worker Saves the Raw Material / Finished Goods, which actually relates to Principal.
Also the Job worker uses the Raw Material and Sales like its own.
What will be the GST impact and Accounting impact in this scenario.
Also the Job worker uses the Raw Material and Sales like its own.
What will be the GST impact and Accounting impact in this scenario.
10 May 2022
No ITC can be claimed on this. Pay full GST on output.
Account it as sale of goods.
Account it as sale of goods.
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Eway bill for machinery reparing
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Error whiling application of GST REFUND (ANNEXURE B)
- Applicable TDS for Purchase of Flat from NRI
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
