Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Gst itc-04

Save Share

This query is : Resolved

DEVENDER THAKUR (Querist)

11 May 2018 Respected Experts ! In GST for ITC-04 while filling sheet Mfg to JW Taxable Value of the goods to be sent to the Job worker is asked. But as the goods can be transfered to the JW without the payment of Tax. Then what Taxable value to be written there. Plz Guide.

CA Padmasri Manyam

CA Padmasri Manyam (Expert)

11 May 2018 Every delivery challan issued for movement of goods from principal to job worker shall have the details prescribed under Rule 55 of CGST Rules. one of which is the taxable value. Therefore, the delivery challan shall have the details of taxable value. Further, to issue E-way bill also the transaction value is mandatory.
The transaction value in this case can be as procurement value i.e. the value charged by the supplier at the time of procurement.
if the inputs are sent after processing then the value should be declared accordingly by adding cost to the procurement price.

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