Job Work
This query is : Resolved
19 June 2009
Hi to all DE's
a manufauctring unit has got offer for job work ...
1. Can the unit do? if yes then what is procedure uinder Cen. Excise & Commercial tax
2.if the process amounts to manufacturing , what are the legalities
3.if process does not amounts to manufactring, what are the leaglities?
Please answere me itis urgent?
Thanks in anticipation
a manufauctring unit has got offer for job work ...
1. Can the unit do? if yes then what is procedure uinder Cen. Excise & Commercial tax
2.if the process amounts to manufacturing , what are the legalities
3.if process does not amounts to manufactring, what are the leaglities?
Please answere me itis urgent?
Thanks in anticipation
20 June 2009
You have not mentioned the product.
However if the sender of the goods removes the raw materials under Rule 4 (5 (a) or Notification 214/86 you need not bother to pay CE or ST.
However if not then if the process amounts to manufacture you would be liable to CED once the value of clearacnes ( JW charges + Material cost) exceeds Rs. 150 lakhs or if the goods are branded then no exemption.
If not manufacture then possible ST payable.
However if the sender of the goods removes the raw materials under Rule 4 (5 (a) or Notification 214/86 you need not bother to pay CE or ST.
However if not then if the process amounts to manufacture you would be liable to CED once the value of clearacnes ( JW charges + Material cost) exceeds Rs. 150 lakhs or if the goods are branded then no exemption.
If not manufacture then possible ST payable.
22 June 2009
Thanks sir for the clearifcation, but there are few needs :
1. what about Comm. Tax ? under CG Vat Act ?
2. The unit is enegaed in manufacturing for self past 5 years and had crossed SSI Limit 3 years ago, will it be eligible for seperate SSI benefit in case of job work?
REGARDS
1. what about Comm. Tax ? under CG Vat Act ?
2. The unit is enegaed in manufacturing for self past 5 years and had crossed SSI Limit 3 years ago, will it be eligible for seperate SSI benefit in case of job work?
REGARDS
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
