Job work
This query is : Resolved
30 October 2011
sir,
please tell me if a manufacturing co done job work will it include in its turnover or not. ( part of turnover or not ) explain.
Thanks & Regd
Mukesh
please tell me if a manufacturing co done job work will it include in its turnover or not. ( part of turnover or not ) explain.
Thanks & Regd
Mukesh
30 October 2011
Dear Mukesh
First of all it is a part of your turnover and is shown separately under the Head Sales in Schedule annexed to P&L.
Finally, Processing or Job Work is an incidental and ancillary activity of a manufacturer. In case of pure mfg. you have to procure the Materials directly from the suppliers on your own cost whereas in case of job work you have to process the Material supplied by Client and return back same to the client. Under both the cases you have to spend the utility and Ohs expenditure. The only difference of Material Cost.
First of all it is a part of your turnover and is shown separately under the Head Sales in Schedule annexed to P&L.
Finally, Processing or Job Work is an incidental and ancillary activity of a manufacturer. In case of pure mfg. you have to procure the Materials directly from the suppliers on your own cost whereas in case of job work you have to process the Material supplied by Client and return back same to the client. Under both the cases you have to spend the utility and Ohs expenditure. The only difference of Material Cost.
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